Word: machlup
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...plan has the particularly unattractive name of "crawling peg," but it has a notably attractive list of advocates. It was popularized largely by Princeton Economist Fritz Machlup, and lately has been advocated, in one form or another, by German Economics Minister Karl Schiller, French Finance Minister Valery Giscard d'Estaing and Hendrik Houtthaker, a member of the U.S. Council of Economic Advisers. Last week Guido Carli, governor of the Bank of Italy, also offered a crawling-peg plan...
Among the writers who have written exclusive articles for the magazine in the past are Richard M. Nixon; Hubert H. Humphrey; George P. Baker, Dean of Harvard Business School; Dr. Fritz Machlup, Professor of International Finance at Princeton; Marshall I. Goldman of the Russian Research Center at Harvard; Henry ford; William Buckley Jr.; Ralph Nader and Drew Pearson...
...bankers and economists fear that it is. "The international monetary situation is still unstable," says President Karl Blessing of the West German Bundesbank. South African Finance Minister Nicolaas Diederichs has repeatedly predicted that an international flareup will come in the second quarter of this year. Princeton Professor Fritz Machlup, a top expert on global finance, expects a new currency crisis "in the foreseeable future...
However, Prof. Machlup disclosed that the standard set this year was for an average compensation of $13,180. At the standard will undoubtedly rise with the annual rise in the cost of living, the average salary for associate professors will, in all likelihood, fall even further behind next year...
...Machlup said the University has raised salaries in all four areas but that the raise for associate professors was not quite sufficient to bring it up to the AA level...