Word: samuelson
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Dates: during 1960-1969
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Defending Paul A. Samuelson's Economics against charges that the textbook unscientifically accepts the "Keynesian revelation," the head of Economics 1 yesterday declared Keynes' analysis of national income is "essential to understanding modern economic thinking...
Thumbing through successive editions of a bestselling college text written by President Kennedy's favorite economist, the sharp-eyed nabobs of the U.S. Chamber of Commerce delightedly noted signs of creeping deflation. Back in 1948, in the first edition of his Economics, An Introductory Analysis, M.I.T. Professor Paul Samuelson, 46, argued that price rises of up to 5% a year were only mildly inflationary, "need not cause too great concern." In subsequent revisions of the book, Samuelson whittled away at the permissible annual price rise until this year, in the fifth edition, he cut it to a mere...
...Paul A. Samuelson, professor of economics, M.I.T., adviser to the Kennedy Administration LL.D...
...society-they are woven in the whole fabric of our industry, economy and federal life." With each passing year the humanities come in for greater attention at M.I.T.; its humanities faculty numbers some 120. Its economics department is one of the best, and M.I.T. Economists Walt Rostow and Paul Samuelson are among President Kennedy's top economic advisers...
...Paul Samuelson, M.I.T.: This recession is turning out about as expected: bad but not very bad. Because of the need to please Congress, the Kennedy antirecession proposals are modest-perhaps more so than prudent economic policy would call for. Probably they will suffice to turn us up by midyear, but it will be important to take that second look in April and be prepared with stronger measures if unemployment has passed the critical 7½% to 8% range...