Word: moultons
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Economist Harold G. Moulton, president of the Brookings Institution, challenges this position in an important new book soberly titled Controlling Factors in Economic Development (397 pp.; the Brookings Institution, Washington, D.C.; $4). On the strength of 30 years of his own study and the institution's voluminous research, Moulton declares: 1) there is no known limit to the potential wealth of the world, and 2) there is no known method to assure economic stability...
...Brookings Institution's President Harold G. Moulton took a look at prospects for 1949 and liked what he saw: "A well-sustained level of national production and employment; a moderate decline in the cost of living; continued but abortive efforts at credit control; an expansion of Government expenditures for social and defense programs; [and] higher wages." Farm prospects would be dimmed by "a further decline in agricultural prices," and corporations would face increased taxes. But an increase in crops might prevent any real drop in farm incomes, said Moulton, and lower farm prices would "afford real relief for those...
...Mary-Moulton, Radcliffe '49, this week won a free jaunt around Europe next summer as leader of a group of under graduates from American colleges. A New York travel agency appointed her their representative...
...Miss Moulton will have the job off organizing the tour, escorting the 12 girls from one city to another, and smoothing out travel or lingual difficulties during the three-month trip...
This will be a return visit to the Continent for Miss Moulton. She was abroad...