Word: economists
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Dates: during 1970-1979
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Year-end meetings between our Business staff and the members of TIME's Board of Economists have become a tradition for the past six years. Last Tuesday the men who advise us on national and world economic prospects jetted to Manhattan for an all-day question-and-answer session with our researchers, correspondents, writers and editors, who assembled this week's Business story on the economic prospects for 1976. To protect his staff from scholarly hedging, Business Editor George Church started the meeting by dipping into his store of anecdotes. "After consulting the leading economists...
There are indeed many men of presidential caliber who have held high appointive office but never run in an election. Economist and Educator George Shultz, 55, now president of the Bechtel Corp., showed vision, courage and the ability to win the respect of his opponents when he was U.S. budget director and Secretary of Labor and Treasury. The brainy McGeorge Bundy, 56, the former Harvard dean who is head of the Ford Foundation, performed with authority as National Security Adviser in the Kennedy and Johnson Administrations (though his identification with the Viet Nam War would be a political burden...
Marglin, a Marxist economist, called the improvement a sign of the "contradictions of the capitalist system." He explained that the economy cannot sustain full employment at the same time as stable prices and high profits...
...Sorry about that question. Really fine lecture," Wright was overheard to tell Bailyn at the reception in an adjoining room, as Ritcheson whisked the two of them off for a photograph with tall Lord Robbins, an imposingly preserved economist who had been distinguished even in the time of Lord Keynes...
...city. Several political advisers, on the other hand, tell him to continue to resist because it helps him among voters in a country that remains skeptical about New York's intentions. "There are still too many details we don't have," said an Administration economist. "What is going to happen to the labor contracts, to the hospitals, to the city university? There are things that remain to be demonstrated...