Word: spins
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Dates: during 1960-1969
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...Professor Wesley Clair Mitchell (1874-1948), whose treatise, Business Cycles, is widely regarded as the most important of all U.S. contributions to economics. Mitchell was the "prophet of facts and figures." In his youth he studied economics and philosophy, and he noticed in both a common tendency to "spin speculations by the yard," build up "grand systems like soap bubbles." Mitchell insisted that what economics needed was more facts. To that end he founded, in 1920, New York's National Bureau of Economic Research (now presided over by Arthur Burns, sometime CEA chairman under President Eisenhower...
Inside-Out Edens. Out of such earthbound progenitors, thinks Cole, real macrolife can ultimately be developed, and once it has become established in space its units can grow to very large size. In time, too, new types will appear, such as enormous hollow ellipsoids that spin constantly so that their inhabitants can walk upright on their inside surfaces and feel a gentle gravity pulling them outward...
...Whose Asian cousin, the dugong, is believed to have inspired ancient sailors to spin the first mermaid yarns...
...Spin a Little Faster...
Defining structure as the model each of us builds of our knowledge, Bruner said, "We put together everything we know in the way that we think the world operates. Then we spin it just a little faster than the world goes and we can make predictions. The purpose of education is to teach a person the techniques of building and using these models...