Word: okun
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Dates: during 1970-1979
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Walter Heller of the University of Minnesota, Arthur Okun of Brookings and Washington Consultant Robert Nathan, all Democrats, see potential flaws in the plan. The program's proposal to return money collected in higher gas and crude oil prices in the form of tax credits to consumers will, in Okun's view, boost living costs, kick up wage demands and add to the Consumer Price Index. All three members would prefer that the Government use the additional tax revenues to help keep the C.P.I, down-either by paring payroll taxes or by returning the money to states...
...numbers, says Arthur Okun, a member of TIME'S Board of Economists, mean "the freeze thawed out quicker than we thought." He adds that the notion that the winter cold would do lasting damage to the economy "was the biggest fizzle since Kohoutek's comet." Just as the January figures were unduly depressed, current statistics might be distorted by the bounce back from the January slump. Nonetheless, the outlook seems bright-if inflation can be wrestled down...
...member, with former CEA Chairmen Heller and Arthur Okun, of TIME's Board of Economists...
...been impressed by his cold concentration. Last month in Plains, he listened to 16 of them for five hours straight?with one five-minute bathroom break. Only water was served. "Before we won, we served Cokes," said Carter, the closest he came to humor. Reports one participant, Economist Arthur Okun: "He is totally able to banish anything, any mortal concerns, like a crick in the backside or thirst or hunger or anything else." Adds Economist Walter Heller: "We call him 'Iron Pants...
...eyes of politicians glaze over, but Carter stayed so alert that he caught the experts in a couple of minor mistakes and raised questions about them. In terms of intelligence, Heller estimates Carter would rank among the upper 5% or 10% of graduate students in top universities. Says Okun: "What struck me is you really see an engineer's mind at work, not a peanut farmer, not a Baptist preacher, not a standard politician, but the engineering and management-science approach...