Word: cairncross
(lookup in dictionary)
(lookup stats)
Dates: during 1964-1964
Sort By: most recent first
(reverse)
...Yesterday's economists were often wrong," says Alexander Cairncross, the prime economic adviser to the British government, "but there was seldom enough statistical material to prove them so at once." Statistics that once took months to compile are now served up in days, or sometimes minutes, by computers. Economists still stand in awe of the modern maestro, Britain's late John Maynard Keynes, whose doctrines of central planning and high public spending made him the darling of the New Deal. Some statesmen have declared that the modern world needs a new Keynes. Though no single economist today commands...