Word: economists
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Dates: during 1970-1979
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...part of the campaign seeks to democratize the economy by eliminating the private ownership of large corporations. Although this is economic democracy in the more orthodox socialist sense, the method proposed is rather innovative. The same L.O. convention which called for the abolition of Paragraph 32 also commissioned L.O. economist Rudolf Meidner to do a study of "wage-earners' funds" for the control of corporate profits. Originally, the intent was to get at the profits left behind by L.O.'s solidarity wage policy in high wage firms. What has emerged, however, is a plan for the gradual socialization...
...prevent trade deficits, practiced a punishing austerity. Now, Peking reasons, like other nations it can borrow the money it needs for investment. Result: despite its oil revenues, China's trade deficit shot up from $80 million in 1973 to $1 billion last year, a figure that foreign economists feel is still prudently low. "The economy is not doing spectacularly," says an American economist in Hong Kong, "but it is getting down to stability-and stability is an achievement...
...West Germans 20 per cent, the French 18.2 per cent, the British 15.2, the Italians 14.4--and the United States only 13.6 per cent. This relatively low investment rate, according to Simon, is the reason America's growth rate is "among the lowest of the major industrialized nations." Economist Joseph Pechman of the Brookings Institution disagrees. International comparisons are irrelevant, says Pechman; other countries have been investing more because they have had to; they were behind economically, and trying to catch up. That is also why their growth rates have been higher--they had lower starting points. In other words...
...July but flattened out in August at an annual rate of 1.3 million, v. a peak of 2.4 million in 1972. Largely because of high home prices, the $2,000 income tax credit to buyers stimulated sales very little. Continued disintermediation, says U.S. Savings and Loan League Economist Ken Thygerson, "will abort the housing recovery...
...company, Norway controls most of its oil industry. It buys up to 75% interests in production ventures; Statoil and Mobil along with other oil companies are partners in Statfjord, Norway's biggest oilfield yet (3 billion bbl. in reserves). Headed by Arve Johnsen, a 41-year-old economist and lawyer, Statoil aims to become a fully integrated company, exploring, drilling, producing and refining oil. It already owns participation rights in 38 exploration areas, or "blocks," off Norway's coast...