Word: steins
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Dates: during 1970-1979
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...reason that economists can differ sharply over whether the U.S. is in a "recession" is that there is no simple, numerical definition of the term. Herbert Stein, chairman of the Council of Economic Advisers, offers a qualitative description: "An extended, substantial and widespread decline in aggregate economic activity, but one less severe than earlier 'depressions.' " The job of determining just which downturns belong in that category has fallen to the National Bureau of Economic Research, whose word on the subject is practically law in the profession...
...Lenora Stein, Assistant Organist at Harvard, in recital. All-Bach program. Free. Friday, February...
Bach. Listeners who favor the "purist" approach to Bach will do well to hear Lenora Stein's all-Bach program at Memorial Church. The Fisk organ is well-suited to such an enterprise...
...start of the year, the consensus among TIME'S board members and most other economists was that the G.N.P. deflator, the broadest index of inflation in the economy, would rise about 3.5%. CEA Chairman Herbert Stein predicted 3%. Actually, the deflator rose by more than 5.5%, the biggest peacetime jump in a quarter-century...
...Administration's two top economic aides, Treasury Secretary Shultz and CEA Chairman Stein, are both obdurately opposed to regulating the free market. They are willing to create some kind of inflation-monitoring federal agency to replace the Cost of Living Council, but the agency would probably lack the COLC'S power to intercede in private price-and-wage decisions. Mainly, its job would be to argue the anti-inflation line in the Government's own decisions, such as the way regulatory bodies set rates. Whether the Administration will be able to stick to these plans...