Word: piel
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Dates: during 1960-1969
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...supposed justification for maintaining what Piel termed a "monstrous capacity for destruction which darkened the prospects of the world" merely obscures what is the critical threat to our economic system--the insidious growth of unemployment...
Claiming that the U.S. has a 6-1 edge over the Union in ready nuclear strike power, Piel asserted that only a modest-sized force is necessary to deter an any from striking first. He stated there is not, nor was there ever, any missile or bomber gap; and hinted that only "vested interests" keep giant industries devoted to armaments...
...annual report, Edwin N. Griswold, dean of the Harvard Law School, quoted from the Phi Beta Kappa oration given June 11 by Gerard Piel. Piel's address was headlined in papers throughout the nation the next day, and is one of the most important speeches delivered at Harvard Commencements. Following is an expanded version of the CRIMSON's June 12 news coverage...
...Gerard Piel '37 somberly warned in Phi Beta Kappa oration that the United States has "come to the fork in the road" and must choose the path of disarmament, now that expenditure of arms can no longer provide an adequate stimulus to the economy...
...Piel said that disemployment of workers by technological progress has outstripped the growth of the economy and has made ineffective the classical" techniques for dampening the fluctuations of the business cycle. "Now in 1962, despite a 25 per cent increase in military expenditure, the number of unemployed again exceeds the number unemployed at the last recovery peak...