Word: economists
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Dates: during 1970-1979
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...Yale Economist Richard Cooper, 42, noted that "on the admittedly few occasions when the Administration has put forward very far-reaching, very far-sighted and innovative proposals, they have just fallen on. completely deaf ears. Yet when George Marshall made what was an extremely modest statement at Harvard in 1947, it had far-reaching consequences. Why? Because there was somebody ready to receive what he had to say. Part of that has to do with skills of management...
What is a leader's most important role? Said M.I.T. Economist Lester Thurow, 38: "Maybe it is the goal-setting that is the basic element, in the sense of going somewhere." In a time of crisis, Thurow continued, "you will have a leader. Maybe a Hitler, a Roosevelt or Huey Long. Somebody will lead when society is collapsing-not necessarily a good leader, but a leader...
Some wondered whether the road to restoring trust lay in emphasizing leadership-or in deemphasizing it. Economist C. Fred Bergsten, 35, a senior fellow at the Brookings Institution, suggested that people may want "a stalemate system, not leadership. Is this because they are so turned off by current leaders that they are afraid to have anybody have too much control over their lives...
Some of Poland's best-known intellectuals have become active on behalf of the jailed demonstrators, who are serving up to ten years in prison. A defense committee, including such dissidents as Novelist Jerzy Andrzejewski and Economist Edward Lipiński, has collected $20,000 for the families of the jailed workers. Former Education Minister Wladyslaw Bienkowski addressed an open letter to the government, protesting police brutality against the workers. "It proves," he declared, "that some people have ceased to pursue the goals of serving the people and have become a gangrene transmitting the rot to other parts...
...economies-especially Britain and Italy -and all the developing countries would be much harder hit. To pay their oil bills, they might well have to divert money from productive investments, thus increasing inflationary pressures and hurting their efforts to reduce unemployment. The psychological shock could be serious too. Says Economist Paul H. Frankel of London's Petroleum Economics Ltd.: "It is not at all certain that the world recovery is fully established. If the global economy is beginning to move down instead of up, OPEC'S price rise could be a critical factor aggravating that trend...