Word: scholarly
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Dates: during 1970-1979
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...disease that institutionalizes inflation, added Okun. He estimates that "if all payrolls were indexed instead of the roughly 15% that are now, the consumer price index would have risen more than 20%, not 13%." Inflation is only one consequence of increasing energy costs, said Economist Murray Weidenbaum, a visiting scholar at the American Enterprise Institute. He believes that U.S. industry's reasonably successful drive to restrict energy consumption may be hurting productivity because companies are reducing the use of energy-gulping machines...
...audiences have changed, so have the mechanics of auctioneering. Twenty years ago, salesrooms were decorous, dusty-and dull. They were frequented mostly by dealers or agents for anonymous collectors. Save for the hobbyist or scholar who might attend a sale of arms and armor or rare folios, amateurs seldom bid for anything; mostly they were scared away. One intimidating aspect of auctions has been the seriocomic notion that by a cough or casual gesture the unwitting onlooker may become a high-rolling bidder. Only half in jest, Louis Marion, who headed the old Parke-Bernet firm and was the father...
...then, reading exhaustively and traveling to important auctions around the world. Says he: "To be a knowledgeable collector of 19th century painting you have to be a mythologist as well as a historian. Being a collector turns you into an aesthete, a financier, a voyager, a voyeur and a scholar...
...Vatican terms that meant that Küng, 51, must stop teaching Catholic theology at West Germany's University of Tubingen. It is the harshest action against any important scholar since the era before the liberalizing breezes of the Second Vatican Council, and one that was explicitly endorsed by Pope John Paul II. During the Vatican Council Küng was an adviser to the West German hierarchy. His moderate reformist concepts won the admiration of, among others, the Polish bishop who became John Paul II. But since the council, Kung has more and more acted as a kind...
DIED. Carlo Schmid, 83, grand old man of West Germany's Social Democratic Party; of cancer, in Bonn. After serving as a legal adviser in the German military government in France during World War II, the portly law and political science scholar was active in state government and emerged as one of the founders of the German Federal Republic. In 1948 he headed his party's delegation to the parliamentary council that drafted the nation's Basic Law. A year later he was elected a charter member of the Bundestag and served as its Vice President...