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Other Harvard professors who declared their support for Kennedy are Abraham J. Chayes '43, professor of Law; Paul M. Doty, Mallinckrodt Professor of Biochemistry; Otto Eckstein, professor of Economics; Merle Fainsod, Pforzheimer University Professor; John Kenneth Galbraith, Warburg Professor of Economics; Samuel P. Huntington, Thomas Professor of Government; Edwin O. Reischauer, University Professor; Donald F. Turner, professor of Law; George Wald, Higgins Professor of Biology; and Adam Yarmolinsky '43, professor...
...OTTO ECKSTEIN, a Harvard professor and president of Data Resources Inc., an economic consulting firm in Lexington, Mass...
...will be minimal- ex cept for the losses and layoffs suffered by G.M.'s suppliers. But if, as most authorities expect, the walkout lasts for six weeks or more, the effects could be unsettling. Last week Data Resources Inc., an economic consulting firm headed by Harvard's Otto Eckstein, a former member of the President's Council of Economic Advisers and a member of TIME'S Board of Economists, made some projections for TIME. By analyzing 320 eco nomic equations in a computer, Data Resources projected what the econ omy would have looked like in this...
Died. Dr. Otto Warburg, 86, member of the famed international banking clan who turned to biochemistry and twice won the Nobel Prize; of pneumonia; in West Berlin. Warburg's first Nobel was in 1931 for his pioneering research into the nature of the respiratory enzyme; his second came in 1944 for equally basic studies of cancer. While Hitler forbade the scientist of Jewish descent from accepting the prize, he did permit Warburg to continue working because of his own dread of the disease...
...Stretched Recession." Given this balance of forces, some economists argue most loudly not over what is likely to happen but over how happy the nation should feel about it. Many cannot cheer a prospect of slow gains in production and rising unemployment. Harvard's Otto Eckstein, another member of TIME'S Board of Economists, has coined the term "stretched recession" to describe the prospect. His point is that the gap between actual and potential output over the three-year period of 1969 through 1971 is likely to be as great as it would have been if the nation...