Word: outputted
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...last fall, when a similar rumor travelled the academic grapevine, Leontief had no doubts that this time the prize was his. He was the only department member with a Russian name, and his widely used input-output theorem had long been considered worthy of the $120,000 cash prize...
...Faulkner coalition. Day by day, however, more and more workers stayed away from their jobs, and both industry and domestic services slowed to a near halt. Grocery stores ran out of food, ser vice stations emptied their gasoline tanks, and electric power was cut to one-fourth of normal output. By the end of two weeks, the strikers were so fully in control that they were regulating what little rural commerce remained and had stopped the refueling of airplanes at airports. As an added macabre touch, they even ordered gravediggers to stop burying the dead...
...squeeze and a credit crunch. In addition, much of what they have spent has gone for probably necessary but essentially unproductive pollution-control devices. There is, however, one good sign: businessmen are stepping up purchases of modern productive machines, including new automated steel-twisting braiders that can double the output of older machines and robots on assembly lines that relieve workers of more onerous chores, such as painting auto engines. In all, capital spending for the year is expected to rise about 13% above last year's $100 billion, despite the economic slowdown...
...overall productivity advances is not in manufacturing but in the service field, which employs more than 60% of the nation's workers and is hard to automate. Simply measuring-much less improving-the productivity of policemen, pilots, teachers or symphony conductors is far tougher than assessing the output of an assembly-line worker. Even so, adept use of computers has raised productivity in such fields as medicine and sales management...
...Jackson Grayson Jr., once head of the Price Commission, suggests that some new productivity formula should be devised that takes more into account the quality as well as the volume of a worker's output. The Government, Grayson argues, should follow the lead of Japan, West Germany and Israel, which have productivity institutes to measure the efficiency of industries, develop new management methods and counsel business. Yet the U.S. Government has moved in precisely the opposite direction. The less than adequate National Commission on Productivity was downgraded last year to an Office of Productivity, and its staff and appropriations...