Word: economists
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...straightforward man who doesn't waver. He also has a feel for international affairs and steers a very clear course." Though Ford is considered to lack Nixon's acumen and cunning in foreign affairs, he is regarded as more predictable and hence more reliable. Says Japanese Economist Nobutane Kiuchi: "The last thing the current world situation needs is aggressive, spectacular leadership. The times call for patient, solid, if plodding efforts, not bold, drastic actions...
...substantially, and the increase will have the same effect on the economy as a big new tax boost would. There is a growing consensus among Republicans and Democrats that some sort of new tax cuts will be needed to cushion the oil shock and keep the economy rising. Says Economist Arthur Okun: "It is crucial that oil prices do not drain real consumer purchasing power...
...pound. Its woes underscore perhaps the most basic charge against floating rates: that they encourage nations to spend more than they earn, in the false hope that a cheaper currency will correct major economic weaknesses by encouraging exports and holding down imports. In reality, says University of Chicago Economist Arthur Laffer, currency fluctuations "never solve fundamental problems...
...bluntly, self-interest. Only this drive moves men to produce the goods that society needs. As he put it: "It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest." (Smith, observed English Economist Walter Bagehot in 1888, "thought that there was a Scotchman inside every...
...least in the U.S., Canada, Western Europe and Japan ?this modern capitalism seemed to be on the verge of producing the permanently affluent society. Keynesian policies had kept recessions brief, mild and infrequent; the end of World War II opened the longest period of sustained growth ever. American Economist George Stigler announced that "economics is finally at the threshold of its Golden Age?nay, we already have one foot through the door...