Word: economist
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Dates: during 1950-1959
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...banner of European unity in the years just after World War II had no such subtle process in mind. Pointing to the gutted cities of the Continent as testimony to the folly of unrestrained nationalism, they demanded political unification. Sparkplugged by France's Jean Monnet, the intense, brilliant economist who heads the Action Committee for a United States of Europe, they planned to construct united Europe through a series of economic, political and military bodies, each of which would possess supranational powers in a limited field...
...higher education in the next decade? This week Harvard Economist Seymour E. Harris, a skilled man with a budget, did some sophisticated figuring for the Central Association of College and University Business Officers' meeting at Purdue University...
...remainder would come from philanthropy and endowment incomes ($500 million to $1 billion yearly if prosperity continues) and stringent college economizing. Items: bigger classes, fewer "small" courses, using existing classrooms for longer hours, more use of TV lecturing. There is no reason, Economist Harris believes, why economies cannot cut the fat from college spending and yield another $1 billion to $2 billion annually. If the U.S. follows his budget, he suggested, it can easily find $7 billion a year to pay for its booming colleges...
Blaming Wages. From Raymond Saulnier, chairman of the President's Council of Economic Advisers, came the sharpest opposition to the bill-he called it "untimely and unnecessary"-as well as backing for Blough's view. In the strongest terms yet used by an Administration economist, Saulnier laid the blame for inflation not on corporations but on "increases in money wages that outstrip improvements in productivity. I believe we have tended of late to depart from the historical relation between wage increases and productivity improvements. And if these cost increases cannot be passed on to the consumer in higher...
...businesses.) What businessmen can do, say U.S. Assistant Secretary of Commerce Henry Kearns and fellow officials, is cut the lead time on research and development, pull off the shelf better products originally planned for future exploitation, sharpen up their selling tactics. What U.S. labor must do, says many an economist (see State of Business), is face up to the fact that it can no longer afford raises not balanced by gains in productivity. The alternative will be an accelerating loss in markets-and eventually jobs...