Word: fellner
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Dates: during 1960-1969
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...disappeared. Wage gains are exceeding the increase in workers' productivity, pushing up costs all around. Some of the fastest rises are in pay for service workers-laundry men, bus drivers, retail clerks-who produce no more than before and sometimes much less. "That," says Yale Economist William Fellner, "is what makes life less and less comfortable in a rich, industrial country...
...have rejected. Fortnight ago Walter Reuther told a meeting of union chiefs that Walter Heller, the President's chief economic adviser, had "understated" the unemployment problem. Criticism of specific Administration economic proposals has also been coming with more regularity from such academic economists as Yale's William Fellner, Vanderbilt's Rendigs Fels and Michigan State University's Charles Killingsworth, who recently charged that "the Administration's economic balance is seriously incomplete...
...crucial question in decision theory is "how one decides to cope with the problem of subjective probabilities," William J. Fellner, Seymour H. Know Professor of Economics at Yale University, said here yesterday...
...Fellner characterized decision theory as a "specific type of normative theory which also possesses some of the characteristics of empirical theory...
...decision theory is successful, it changes behavior but not goals. "Although it can induce people to follow their objectives more consistently, it need not impose upon them new objectives," Fellner continued...