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Paul H. Douglas Interviewer: John Newhouse Date of Interview: June 6, 1964 Place of Interview: Washington, D.C
Paul H. Douglas, Oral History Interview – 6/6/1964 Administrative Information Creator: Paul H. Douglas Interviewer: John Newhouse Date of Interview: June 6, 1964 Place of Interview: Washington, D.C. Length: 33 pages, 2 addenda Biographical Note Douglas, a U.S. Senator from Illinois from 1949 to 1967, discusses his memories of John F. Kennedy as a Senator and as President, including his work on labor and civil rights legislation, among other issues. Access Open. Usage Restrictions According to the letter of agreement signed February 2, 1972, copyright of these materials has been assigned to the United States Government. Users of these materials are advised to determine the copyright status of any document from which they wish to publish. Copyright The copyright law of the United States (Title 17, United States Code) governs the making of photocopies or other reproductions of copyrighted material. Under certain conditions specified in the law, libraries and archives are authorized to furnish a photocopy or other reproduction. One of these specified conditions is that the photocopy or reproduction is not to be “used for any purpose other than private study, scholarship, or research.” If a user makes a request for, or later uses, a photocopy or reproduction for purposes in excesses of “fair use,” that user may be liable for copyright infringement. This institution reserves the right to refuse to accept a copying order if, in its judgment, fulfillment of the order would involve violation of copyright law. The copyright law extends its protection to unpublished works from the moment of creation in a tangible form. -
DIRECTING the Disorder the CFR Is the Deep State Powerhouse Undoing and Remaking Our World
DEEP STATE DIRECTING THE Disorder The CFR is the Deep State powerhouse undoing and remaking our world. 2 by William F. Jasper The nationalist vs. globalist conflict is not merely an he whole world has gone insane ideological struggle between shadowy, unidentifiable and the lunatics are in charge of T the asylum. At least it looks that forces; it is a struggle with organized globalists who have way to any rational person surveying the very real, identifiable, powerful organizations and networks escalating revolutions that have engulfed the planet in the year 2020. The revolu- operating incessantly to undermine and subvert our tions to which we refer are the COVID- constitutional Republic and our Christian-style civilization. 19 revolution and the Black Lives Matter revolution, which, combined, are wreak- ing unprecedented havoc and destruction — political, social, economic, moral, and spiritual — worldwide. As we will show, these two seemingly unrelated upheavals are very closely tied together, and are but the latest and most profound manifesta- tions of a global revolutionary transfor- mation that has been under way for many years. Both of these revolutions are being stoked and orchestrated by elitist forces that intend to unmake the United States of America and extinguish liberty as we know it everywhere. In his famous “Lectures on the French Revolution,” delivered at Cambridge University between 1895 and 1899, the distinguished British historian and states- man John Emerich Dalberg, more com- monly known as Lord Acton, noted: “The appalling thing in the French Revolution is not the tumult, but the design. Through all the fire and smoke we perceive the evidence of calculating organization. -
National Academy of Arbitrators HISTORY COMMITTEE INTERVIEW Arthur Stark NAA President, 1977 Interviewed by Dennis Nolan May
National Academy of Arbitrators HISTORY COMMITTEE INTERVIEW Arthur Stark NAA President, 1977 Interviewed by Dennis Nolan May 29,1980 1 ARTHUR STARK PRESIDENT OF THE NATIONAL ACADEMY OF ARBITRATORS 1977 TO 1978 INTERVIEWED BY DENNIS NOLAN AT THE CHICAGO HILTON AND TOWERS, CHICAGO, ILLINIOS MAY, 29, 1989 Dennis Nolan: This is Monday, May 29, in Chicago, Illinois, on the first day of the Annual Meeting of The National Academy of Arbitrators. I am Dennis Nolan and I am interviewing today Arthur Stark, who was president of The National Academy in 1977. Arthur, perhaps you could start us off with some information on your background. Could you tell me, first of all, where you were born, raised, educated. Arthur Stark: Well, I was born three score and ten years ago in New York City. I was raised in Manhattan, on the upper west side. I went to elementary and high school at something called the Ethical Cultures School in New York. We lived across the street from Columbia University on Broadway and 115th Street and I played on the Columbia tennis couirts. I went, are you interested 2 in college, at this point? Yes, you might as well, go on. Since Columbia was so close, I decided to go to College at the University of Chicago. The reason, principley, was that I was interested in labor relations even at that tender age. Looking around the country, there were two Universities that appealed to somebody like me. One was the University of Wisconsin, one was the University of Chicago and I chose Chicago. -
The Institutionalist Reaction to Keynesian Economics
Journal of the History of Economic Thought, Volume 30, Number 1, March 2008 THE INSTITUTIONALIST REACTION TO KEYNESIAN ECONOMICS BY MALCOLM RUTHERFORD AND C. TYLER DESROCHES I. INTRODUCTION It is a common argument that one of the factors contributing to the decline of institutionalism as a movement within American economics was the arrival of Keynesian ideas and policies. In the past, this was frequently presented as a matter of Keynesian economics being ‘‘welcomed with open arms by a younger generation of American economists desperate to understand the Great Depression, an event which inherited wisdom was utterly unable to explain, and for which it was equally unable to prescribe a cure’’ (Laidler 1999, p. 211).1 As work by William Barber (1985) and David Laidler (1999) has made clear, there is something very wrong with this story. In the 1920s there was, as Laidler puts it, ‘‘a vigorous, diverse, and dis- tinctly American literature dealing with monetary economics and the business cycle,’’ a literature that had a central concern with the operation of the monetary system, gave great attention to the accelerator relationship, and contained ‘‘widespread faith in the stabilizing powers of counter-cyclical public-works expenditures’’ (Laidler 1999, pp. 211-12). Contributions by institutionalists such as Wesley C. Mitchell, J. M. Clark, and others were an important part of this literature. The experience of the Great Depression led some institutionalists to place a greater emphasis on expenditure policies. As early as 1933, Mordecai Ezekiel was estimating that about twelve million people out of the forty million previously employed in the University of Victoria and Erasmus University. -
Doubles Final (Seed)
2016 ATP TOURNAMENT & GRAND SLAM FINALS START DAY TOURNAMENT SINGLES FINAL (SEED) DOUBLES FINAL (SEED) 4-Jan Brisbane International presented by Suncorp (H) Brisbane $404780 4 Milos Raonic d. 2 Roger Federer 6-4 6-4 2 Kontinen-Peers d. WC Duckworth-Guccione 7-6 (4) 6-1 4-Jan Aircel Chennai Open (H) Chennai $425535 1 Stan Wawrinka d. 8 Borna Coric 6-3 7-5 3 Marach-F Martin d. Krajicek-Paire 6-3 7-5 4-Jan Qatar ExxonMobil Open (H) Doha $1189605 1 Novak Djokovic d. 1 Rafael Nadal 6-1 6-2 3 Lopez-Lopez d. 4 Petzschner-Peya 6-4 6-3 11-Jan ASB Classic (H) Auckland $463520 8 Roberto Bautista Agut d. Jack Sock 6-1 1-0 RET Pavic-Venus d. 4 Butorac-Lipsky 7-5 6-4 11-Jan Apia International Sydney (H) Sydney $404780 3 Viktor Troicki d. 4 Grigor Dimitrov 2-6 6-1 7-6 (7) J Murray-Soares d. 4 Bopanna-Mergea 6-3 7-6 (6) 18-Jan Australian Open (H) Melbourne A$19703000 1 Novak Djokovic d. 2 Andy Murray 6-1 7-5 7-6 (3) 7 J Murray-Soares d. Nestor-Stepanek 2-6 6-4 7-5 1-Feb Open Sud de France (IH) Montpellier €463520 1 Richard Gasquet d. 3 Paul-Henri Mathieu 7-5 6-4 2 Pavic-Venus d. WC Zverev-Zverev 7-5 7-6 (4) 1-Feb Ecuador Open Quito (C) Quito $463520 5 Victor Estrella Burgos d. 2 Thomaz Bellucci 4-6 7-6 (5) 6-2 Carreño Busta-Duran d. -
Paul Douglas, of the Cobb-Douglas Production/Utility Function
Paul Douglas, of the Cobb‐Douglas Production/Utility Function The Cobb‐Douglas production function was developed in the 1920s by Charles Cobb (a mathematician at Amherst College) and Paul Douglas (an economics professor at the University of Chicago). Douglas led an interesting life: an economics professor, then a war hero in World War II (enlisting as a private at the age of 50!), then 18 years as a US Senator from Illinois. You can read about him at http://en.wikipedia.org/wiki/Paul_Douglas Note especially the section on military service. The book "With the Old Breed," written by WW II enlisted man E.B. Sledge, has been called "one of the most important accounts of war that I have ever read" by one historian, and "one of the finest memoirs to emerge from any war" by another. The book is about the horrific, bloody battles for the Pacific islands of Peleliu and Okinawa. Substantial parts of Ken Burns’s series The War were based on Sledge’s book. Here's an excerpt about Paul Douglas from Sledge’s book: We hadn't noticed him before he spoke. He wore green dungarees, leggings, and a cloth‐covered helmet like ourselves and carried a .45 caliber automatic pistol like any mortar gunner, machine gunner, or one of our officers. Of course, he wore no rank insignia, being in combat. What astonished us was that he looked to be more than fifty years old and wore glasses ‐‐ a rarity (for example, only two men in Company K wore them). When he took off his helmet to mop his brow, we saw his gray hair. -
Marriner S. Eccles and the 1951 Treasury – Federal Reserve Accord: Lessons for Central Bank Independence
Working Paper No. 747 Marriner S. Eccles and the 1951 Treasury – Federal Reserve Accord: Lessons for Central Bank Independence by Thorvald Grung Moe* Levy Economics Institute of Bard College January 2013 * Thorvald Grung Moe is a senior adviser at Norges Bank, the central bank of Norway, and a research associate at the Levy Economics Institute. The views expressed in this paper are those of the author and do not necessarily represent the position of Norges Bank. The Levy Economics Institute Working Paper Collection presents research in progress by Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals. Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan, independently funded research organization devoted to public service. Through scholarship and economic research it generates viable, effective public policy responses to important economic problems that profoundly affect the quality of life in the United States and abroad. Levy Economics Institute P.O. Box 5000 Annandale-on-Hudson, NY 12504-5000 http://www.levyinstitute.org Copyright © Levy Economics Institute 2013 All rights reserved ISSN 1547-366X ABSTRACT The 1951 Treasury – Federal Reserve Accord is an important milestone in central bank history. It led to a lasting separation between monetary policy and the Treasury’s debt-management powers, and established an independent central bank focused on price stability and macroeconomic stability. This paper revisits the history of the Accord and elaborates on the role played by Marriner Eccles in the events that led up to its signing. As chairman of the Fed Board of Governors since 1934, Eccles was also instrumental in drafting key banking legislation that enabled the Federal Reserve System to take on a more independent role after the Accord. -
Institutional Economics
INSTITUTIONAL ECONOMICS AT COLUMBIA UNIVERSITY Malcolm Rutherford University of Victoria (This Draft: March 2001) This paper draws on archival work using the James Bonbright Papers, J. M. Clark Papers, Joseph Dorfman Papers, Carter Goodrich Papers, Robert Hale Papers, and Wesley Mitchell Papers, all at the Rare Book and Manuscript Library, Columbia University, the Arthur F. Burns Papers at the Eisenhower Library, Abilene, Kansas, and the John R. Commons Papers at the State Historical Society of Wisconsin. My thanks to Lowell Harriss, Aaron Warner, Eli Ginzberg, Donald Dewey, Mark Perlman, Daniel Fusfeld, Mark Blaug, and Walter Neale for sharing their recollections of Columbia. Thanks also to my research assistant Cristobal Young. Any errors are my responsibility. This research has been supported by a Social Science and Humanities Research Council of Canada research grant (project # 410-99-0465). 1 1. Introduction In a number of recent papers I have attempted to outline the nature of the institutionalist movement in American economics in the interwar period (Rutherford 2000a, 2000b, 2000c). At that time institutionalism was a very significant part of American economics. In terms of research output and the production of graduate students, the main centers for institutionalism were the university of Chicago (until 1926 and the departure of J. M. Clark), the University of Wisconsin, the Robert Brookings Graduate School (which existed only briefly between 1923 and 1928), and, after the arrival of Wesley Mitchell in 1913, and J. M. Clark in 1926, Columbia University. Columbia University became the academic home of a large concentration of economists of institutionalist leaning, and other Schools and Departments in the University, particularly Business, Law, Sociology, and Philosophy, also contained many people of similar or related persuasion. -
What Does Jerome Powell Know That William Mcchesney Martin Didn’T—And What Role Did Academic Research Play in That?
What does Jerome Powell know that William McChesney Martin didn’t—and what role did academic research play in that? by Alan S. Blinder, Princeton University Griswold Center for Economic Policy Studies Working Paper No. 259, September 2019 Keynote lecture at the Money Macro and Finance Research Group’s 50th Anniversary Conference, London School of Economics, September 4-6, 2019. Forthcoming in The Manchester School. I thank Roger Ferguson, Chris Sims, and Janet Yellen for helpful conversations, but none of them is implicated in the opinions expressed here. It is indeed a pleasure for an old LSE alumnus like me (M.Sc., 1968) to return to help mark the 50th anniversary of the Money Macro and Finance Research Group. I actually have on my bookshelf a copy of Harry Johnson’s 1972 book, Macroeconomics and Monetary Theory (Johnson, 1972), which was based on his lectures at LSE during the 1969-1970 academic year. I presumably heard some of these lectures as a student two years earlier. But fifty years is a long time and memory fails. The world changes in 50 years. In 1969, the New York Jets won the Superbowl of American football and the New York Mets won the World Series of baseball—two huge upsets in the same year! The former has never reoccurred; the latter has been repeated only once. The year 1969 is perhaps most famous for astronaut Neil Armstrong’s walk on the moon—a remarkable feat that was accomplished five more times, but not since 1972. However, some aspects of the world don’t change much in a half-century. -
Medicare and Pediacare: a Fantastic Strategy That Never Matured
Medicare and Pediacare: A Fantastic Strategy That Never Matured John E. Tropman Abstract: This article surveys the life and work of Wilbur Cohen, an architect of and behind-the-scenes actor in War on Poverty legislation and politics. It focuses specifically on his mastery of the incrementalist approach to policy goals, the quantitative foundation of his work, and his dual role as policy developer and professor which formed his practitioner-academic approach to knowledge and activism during a pivotal point in American history. Keywords: Wilbur Cohen, Medicare, Pediacare, War on Poverty, public policy, incrementalism Wilbur Cohen was a man of the ages; a son of action intellectual, a consummate bureaucrat, and a Jewish immigrants who was passionately committed relentless incrementalist, Cohen was a master to creating a floor of security for all Americans. By behind-the-scenes player who turned legislative way of introduction to the man and his work, let us compromise into an art form. He inhabited a world reflect briefly on a sketch from Edward Berkowitz’s in which the passage of legislation was the ultimate (1995) biography of Cohen, Mr. Social Security: reward. Driven by his progressive vision, he time and again persuaded legislators on both sides of the JFK tagged him “Mr. Social Security.” LBJ aisle to introduce and support expansive social praised him as the “planner, architect, builder and programs. Like a shuttle in a loom he moved repairman on every major piece of social invisibly back and forth, back and forth, until the legislation [since 1935].” The New York Times finely woven legislative cloth emerged before the called him “one of the country’s foremost public’s eye. -
The Midway and Beyond: Recent Work on Economics at Chicago Douglas A
The Midway and Beyond: Recent Work on Economics at Chicago Douglas A. Irwin Since its founding in 1892, the University of Chicago has been home to some of the world’s leading economists.1 Many of its faculty members have been an intellectual force in the economics profession and some have played a prominent role in public policy debates over the past half-cen- tury.2 Because of their impact on the profession and inuence in policy Correspondence may be addressed to: Douglas Irwin, Department of Economics, Dartmouth College, Hanover, NH 03755; email: [email protected]. I am grateful to Dan Ham- mond, Steve Medema, David Mitch, Randy Kroszner, and Roy Weintraub for very helpful com- ments and advice; all errors, interpretations, and misinterpretations are solely my own. Disclo- sure: I was on the faculty of the then Graduate School of Business at the University of Chicago in the 1990s and a visiting professor at the Booth School of Business in the fall of 2017. 1. To take a crude measure, nearly a dozen economists who spent most of their career at Chicago have won the Nobel Prize, or, more accurately, the Sveriges Riksbank Prize in Eco- nomic Sciences in Memory of Alfred Nobel. The list includes Milton Friedman (1976), Theo- dore W. Schultz (1979), George J. Stigler (1982), Merton H. Miller (1990), Ronald H. Coase (1991), Gary S. Becker (1992), Robert W. Fogel (1993), Robert E. Lucas, Jr. (1995), James J. Heckman (2000), Eugene F. Fama and Lars Peter Hansen (2013), and Richard H. Thaler (2017). This list excludes Friedrich Hayek, who did his prize work at the London School of Economics and only spent a dozen years at Chicago. -
1977 Annual Review (PDF)
J/r^ ROCKEEELLER BROTHERS EUND ANNUAL REPORT 1977 Rockefeller Brotlieps Fund 3 0 Rockefeller Plaza Now York, New York lOOiiO JOHN D. ROCKEFELLER 3rd 1906-1978 The trustees and staff of the Rockefeller Brothers Fund mourn the tragic loss of John D. Rockefeller 3rd, co-founder, trustee, and former chairman of the Fund, who died July 10, 1978. Annual Report of ROCKEFELLER BROTHERS FUND, INC. 1977 30 Rockefeller Plaza New York, New York 10020 Telephone (212) 247-8135 Table of Contents About the RBF The RBF Program in Equal Opportunity 5 List of Grants 11 National Program 11 New York City Program 25 International Program 33 Financial Data 42 Trustees 62 Officers 63 Staff 64 Index of Grants 65 About the RBF The Rockefeller Brothers Fund is a foundation whose RBF Programs assets at the end of 1977 were $182,391,632. During The RBF's grants are administered by a program 1977 the Fund made 280 separate payments totaling staff of twelve responsible for carrying out policy $16,969,528. Since it was established in 1940 by the guidelines established by the Fund's trustees. five Rockefeller brothers, the RBF has disbursed a Expenditure figures and the number of grants listed total of $187,422,601 in grants. with each program area are meant to give a general The Fund makes grants in three areas—national. idea of how the RBF allocated its available grant New York City, and international. The program money in 1977. under each of these areas is outlined here. The National Program. Total expenditures in 1977: $7,563,042 (117 payments).