Word: marginalls
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John Meyer, associate professor of Economics, voiced general agreement with Professors Duesenberry and Harris, but pointed out the need for structural changes in certain sectors of the economy, especially those areas where the marginal efficiency of capital is low. "Otherwise," he observed, "maintaining economic growth is likely to be an...
Scholarship students cannot expect to recreate a Gold Coast style of life at Harvard, but the previous estimate hardly provided a marginal standard of living. Taking into account the tuition increase, the new estimate of $2600 is also not especially realistic; a better estimate of average student expenditure would probably...
Even the most dedicated French parliamentarians are beginning to question how long the Fourth Republic's weak parliamentary system-of ineffectual Premiers and squabbling Assembly-can or should last. The latest critic: Robert Schuman, himself head of two of France's 24 postwar governments, and now newly elected...
Businessmen are trying to trim as much fat as possible from their own operations. U.S. Steel is setting up its first incentive program for salesmen; in the good old days steel salesmen spent their time explaining why customers had to wait for steel, they must now get out and sell...
Churchmen should not be shy about showmanship, urged Psychologist Dr. James G. Ranck, lecturer in psychology and religion at Drew University. "The drive-in church, the mobile pulpit, the church in a restaurant, the nightclub for college students which conducts a lecture series on which theological school faculty and other...