Word: samuelson
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...Harvard also aroused in him a desire to learn more about economics; so he signed up for graduate courses (among his classmates: Economist Paul Samuelson). Then he studied for a year at London's liberal (and Rockefeller-supported) School of Economics, and earned his doctorate at the Rockefeller-founded University of Chicago. He is thus the best schooled of all the Rockefellers?as well as the most intellectual by nature. In his thesis the young David struck the note that still underlies his liberal capitalistic philosophy: "The sutnmiim bonum is to be achieved through a maximum of individual freedom...
Frank Language. Whether or not the theory is true. Kennedy had no lack of urging. With U.S. business and labor already on record for a slash. M.I.T. Economist Paul Samuelson, a close Kennedy adviser, wrote a strongly worded article for London's influential Financial Times in which he predicted that the odds are ''at least even that a new downturn will come before the year's end-unless new Government action is taken." His recommendation, duly reported in the U.S.: "A sizable across-the-board reduction in tax rates on persons and corporations." Samuelson...
Another Cup of Tea. Next day the President met at the White House with his top economics lieutenants, including Chief Economics Adviser Walter Heller, Treasury Secretary Douglas Dillon, Commerce Secretary Luther Hodges and a half dozen others. Also there in good grace: Paul Samuelson. Heller and his fellow council members had stayed up until 3 a.m. the night before preparing an all-out case for a prompt tax reduction to perk up the economy-and they presented it forcefully to Kennedy...
...Anyway," Eckstein said, "the Ec 1 reading list provides students with many varied points of view; and Samuelson, which comprises only about one-half the reading, is really middle-of-the-road. The course's reading list may actually be overbalanced toward conservatism...
...called Samuelson's text "representative of modern economics. It clearly presents the core material of economic analysis and is better written than any other textbook we have come across...