Word: otto
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Dates: during 1970-1979
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...Otto Eckstein, Warburg Professor of Economics and the principal lecturer in Ec 10, said yesterday that because of the drop the reading list committee will take an "extra hard" look at the course's reading...
...without reason. Eckstein's lecture on Marx, for instance, focussed on two issues: how we know that Marx was wrong and why so many people nonetheless believe him. The performance was unfortunate for many students left Memorial Hall with no sense that an intelligent alternative might exist. That Otto Eckstein is no champion of alternative economic philosophies should come as no surprise; everyone knows that enrolling in Harvard to study Marx is like travelling to Brazil to practice speaking Spanish...
...self-contained and too far removed from real-life economics, neither Otto Eckstein and his squad of sectionmen is to blame. No one can understand the American economy without some sense of the history of business and labor, the sociology of American class structure, or the psychological effects of industrialization and resistance to it. History, sociology, psychology, economics--they are all tools to be used toward the same goal, but Harvard treats them as separate subjects...
Four New York-based staffers have also put their expertise between hard covers. Frederic Golden, for six years our Science writer, explores "real mysteries, as opposed to phony ones like the Bermuda Triangle" in Quasars, Pulsars and Black Holes. Senior Editor Otto Friedrich spent a year's leave working on Going Crazy, a subject he chose "because it's all around us" (see BOOKS). Staff Writer Stephen Schlesinger spent 18 monastic months writing The New Reformers, an analysis of recent liberal movements. Soon to be published is Associate Editor David Tinnin's Hit Team, the untold story...
...Otto Eckstein, head of Data Resources Inc., a private forecasting firm, observes that the budget assumes the recovery will be kept going in 1977 by a bigger and faster surge in private demand, and particularly in business spending for new plant and equipment, than he believes will occur. David Grove, a nonpartisan vice president of IBM, agrees: "For the past two or three years, the economic and political situation has been so unstable that it is very hard for business firms to determine what degree of risk is prudent in any investment project." If the Ford budget is adopted...