Word: economist
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Dates: during 1940-1949
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While many a U.S. citizen worried, when he had the time, about strikes, the cold war, his burden of taxes and his children's prospects for the future, a noted U.S. economist sat down to consider what the future really seemed to hold in store for the country...
...educators would doubtless hear more of Commissioner McGrath's proposal, as well as more about its forerunner, the recommendation of the President's Commission on Higher Education calling for doubled college enrollments by 1960 (TIME, Dec. 29, 1947). But last week Harvard Economist Seymour E. Harris interrupted with a question. If the U.S. was determined to send so many Americans to college, could it also provide the sort of jobs college graduates have come to expect? In a book called The Market for College Graduates (Harvard University Press; $4), Economist Harris answered his own question...
...percentage of graduates aim for the professions as in the past (about 65%), there would have to be, to accommodate them, two or three times as many openings as exist in these prize fields now. Professor Harris, who believes as devoutly in an expanding U.S. economy as his associate, Economist Sumner Slichter (see NATIONAL AFFAIRS), wonders whether it can expand that much that soon...
...made what he thought would be a scarcely noticed speech at a barely noticed meeting. Instead it cost him his job. The man was Dr. Edwin G. Nourse, titular head of the President's economic advisers. He began his speech by skeptically questioning a glittering prediction by his economist colleague, Leon Keyserling, of a $350 billion national income by 1958, with a $4,000 minimum a year for almost every family. Mr. Truman later used this as the basis for a new political...
...cars in every garage and a swimming pool in every back yard--that's the prediction of Sumner H. Slichter, Lamont University Professor, who says it may happen in 30 years. The economist's forecasts are printed in next month's Atlantic, in the feature story...