Word: economists
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Dates: during 1980-1989
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...Princeton are going to have a lot of work to do," remarked University of Michigan Regent Thomas Roach last week. His comment came on hearing that Michigan President Harold Shapiro, renowned for his 15-hour workdays, would succeed William Bowen next January as Princeton's 18th president. An economist by training (Ph.D., Princeton '64) and a genial if demanding manager by reputation, Shapiro, 51, lifted Michigan in seven years from financial crisis to a prosperous institution loaded with new research facilities. Although guarded about an agenda for his new job, Shapiro, who will be Princeton's first Jewish president...
...hoped to pressure foreign banks into drastic concessions on the country's $108 billion in debts. But last week Funaro, who proved unable to rein in Brazil's runaway economy, was dumped by President Jose Sarney in favor of the more pragmatic Luiz Carlos Bresser Pereira, 52, an economist and businessman. Bresser Pereira promptly devalued Brazil's currency 8.5% against the U.S. dollar in an effort to boost export income, which should improve the country's ability to pay its debts...
Communist officials assented to the reforms at least partly because they realize that some private enterprises are inevitable. "Until recently it was generally held that the collectivized public sector was capable of satisfying all the population's demands and that individual enterprise . . . would gradually die out," wrote Economist Ivor Raig in last fall's issue of the journal Sotsiologicheskie Issledovania (Sociological Research). Now, he suggested, officials acknowledge that "individual enterprise satisfies to a considerable extent the population's demands in many goods and services...
...award is going to an economist for the first time, the NSF action should be seen as "recognizing the legitimacy of economics as a real science," Ubois said. "Some people think social science is an oxymoron...
...privilege of working for Harold asan economist one summer many years ago; he is amarvelous person," Spence's statement continued."I am sure I share the feelings of many otherloyal Princeton alumni and alumnae of optimism forthe future of this great university with Harold atthe helm...