Word: hansen
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Dates: during 1940-1940
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Nazi penetration of Latin America is a predictable certainty, according to Professor Leach. But another Harvard bigwig, Professor Alvin Hansen, is not so pessimistic. In an article in the October issue of Foreign Affairs the noted economist states that "an economic bloc consisting of the United States and all the countries in areas A and B"-that is, all Latin American nations except the five southernmost ones-"would have a solid foundation in the economic self-interest of all the countries involved. If it should be deemed desirable to include this entire area within in a single customs union...
...Professor Hansen is right and his conclusion is amply buttressed with statistics the Leach-Conant line is knocked into a cocked hat. There is no reason why South America must, for economic reasons, fall prey to the Nazis. As Hansen points out, "The Western Hemisphere contains within itself all the essential materials men need for enjoying a higher standard of living than any so far attained." Going to war now just to keep Hitler out of South America is from the standpoint of national defense totally unnecessary. There's more than one way to skin...
Opening the program, Alvin H. Hansen, Lucius N. Littauer Professor of Political Economy, gave a picture of the magnitude of the defense program and the implications of defense expenditure. Claiming that the present sum of $6,000,000,000 to be spent for defense during the next fiscal year, is nothing compared to the sums that will be spent in the future, Hansen made the point that with the rise in expenditures, "our capacity for production must be allowed to expand to increase our national income...
...speakers at the meeting will include John H. Williams, Dean of the Graduate School of Public Administration, Alvin H. Hansen, Lucius N. Littauer Professor of Political Economy, J. Franklin Ebersole, Professor of Finance, and Joseph A. Schumpeter, George F. Baker Professor of Economics...
...evening meeting began with a discussion of "Can American Democracy Survive?" by Professor J. Anton de Haas. Professor de Haas was followed by Professor A. H. Hansen, who spoke on "The Impact of a Totalitarian Victory on the American Economy," and suggested that a German Europe and a British-American-Far Eastern economic bloc could exist side by side...