Word: jans
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Dates: during 1960-1969
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Taking no chances that year-end frivolity will get in the way of his scheme. Castro is delaying Christmas, New Year's and the Jan. 2 anniversary of the revolution. Celebrations would only "interrupt the harvest," he explained last week. So, he said: "We will save our suckling pig and Christmas Eve beans, Bacardi rum and beer for July." What if the 1970 harvest falls short, as outside experts predict? Who knows? Perhaps in that case the Bearded One will hold off the other bearded one, Santa Claus, a while longer...
...longtime leaders in this increasingly glamorous science were finally given the ultimate honor, the first Nobel Prize in Economics, the only new category added to the awards since they were started in 1901. The $72,700 prize was shared by Dr. Ragnar Frisch, 74, of Norway, and Dr. Jan Tinbergen, 66, of The Netherlands. The award was for their joint development in the 1930s of the esoteric but highly influential field of econometrics, which employs mathematical models to analyze an economy, predict its course and help to select policies that will alter its future...
...Scandinavia, believes that computers will soon help make planning popular in all countries. But he admits that models are far harder to build for rich, complex countries than for simpler economies. "Frisch and I started this work in the 1930s, in the days of the economic depression," says Jan Tinbergen. "We wanted to draw a plan to fight depression causes and keep unemployment under control." In recent years, Tinbergen has devoted all of his time to the problems of underdeveloped countries, where econometrics seems well suited to government-diverted economies, and he has set up 20 economic institutes in such...
...past 18 years, the seven-member board has been headed by William McChesney Martin, 62, who has become almost as much a fixture in the capital as the Washington Monument. But his term in the $42,500-a-year job ends on Jan. 31, and by law he cannot be reappointed. Last week President Nixon announced his choice as successor to Democrat Martin. The new economic maestro is Arthur Frank Burns, 65, a self-described "moderate Republican," a longtime close aide of Nixon, and a stubborn anti-inflationist. For at least the next four years, the nation's money...
...very difficult to get him to change his mind." Economist Raymond J. Saulnier adds that Burns "is ponderous and a little pontifical." Because of these qualities, some other economists predict that there will be more than a few resignations from the Federal Reserve staff after Burns takes over on Jan...