Word: predict
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Dates: during 1970-1979
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...private ownership by public ownership, and the displacement of the market by planning." Socialism too is plagued by problems, especially the restriction of civil liberties. The economist's intention is to draw out the very basic underlying assumptions common to both socialism and capitalism and to try to predict how each will be able to deal with the three major challenges of the human prospect. At the very root, both systems rely on a "technological imperative," built into an industrial civilization that requires efficiency, a controlled artificial environment, and a necessary priority of production over the aesthetic aspects of life...
Heilbroner's approach is simple and straightforward, his style succinct and extremely readable. And his almost unconscionably brief treatment of such an overwhelming question is actually quite reasonable. The gravity of the human prospect, argues Heilbroner, is based not so much upon the ability to rationally predict the problems of the future, as in an appraisal of the capacity of all mankind to meet up to the challenges of the future; this self-evaluation is necessarily subjective. The Human Prospect introduces the reader to the more predictable challenges and solutions of the future, and leaves the doors leading into...
...officials could not predict yesterday how much the state's action will cost. Isreal said, however, that it should save time and money in the long...
Observers believe that the veiled criticism of Wu Teh is especially significant because the first major casualty of the Cultural Revolution of 1966-69 was Peng Chen, who was then the mayor of Peking. Nonetheless, few experts are prepared to predict that a new fullblown Cultural Revolution is in the offing. It is assumed that Mao, whose acquiescence would be needed for a new ultraradical campaign, does not want China's economic development or foreign policy damaged by the kind of bloody disruptions that marked the Cultural Revolution...
Having to testify, he said, would hinder his ability to give "candid and uninhibited" advice to Nixon in private. So the committee postponed the hearings, to the disappointment of members who had hoped to ask Rush what led the President to predict recently a late-1974 pickup in national production and a downturn in inflation...