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Leontief's input-output analysis, in line with his perspective on economics, is value-free and applicable to a variety of market structures...
...medium through which the developed world views the Middle East conflict. Some of the oil producing countries have indicated previously that they have no incentive to increase their output of petroleum. Yesterday, the Organization of Petroleum Export Countries, which includes all oil producers and not only the Arabs, unilaterally raised the oil price by seventeen percent. Saudi Arabia has indicated that it will reduce its oil production in retaliation for United States support for Israel. The Arabs have been tiring of the large amounts of devalued dollars they were accumulating from oil sales, and the steps that they have...
...small autos that they can, and even so may be unable to meet demand. General Motors is spending $300 million to increase production, most of it for its compacts, Nova and Omega, and its sub-compact Vega. Ford has started a $250 million construction program to boost output of its Pintos, Comets and Mavericks. Chrysler is also expanding production facilities for its Valiant and Dart compacts. To fatten the relatively slender profits from smaller cars, manufacturers are loading the 1974 compacts with all kinds of optional items, such as luxurious vinyl and woodgrain interiors and air conditioners...
...Boyle began translating the M.I.T. programs into the mathematical language required by Lowell's IBM 1130 computer, one number caught his eye. It was in a sequence concerning the rate at which the M.I.T. group assumed pollution to be generated by industrial output. Boyle was surprised to find that the number was ten times as large as it should have been to be located where it was in the sequence...
THERE IS AN Arthur Sullivan virtually unknown to the crowds of theatergoers who are familiar only with the composer's collaborations with William Gilbert. The fourteen "G&S" operettas were, in fact, only a small part of Arthur Sullivan's output. Despite the fact he made enormous amounts of money from them, he always regarded the operattas as mere trifles, not fit for comparison with his serious compositions...