LAST November TIME introduced its Board of Economists—eight eminent experts who would meet regularly with the editors to discuss and analyze the issues of the day. We believe that the resultant exchange has already served to deepen our understanding of the vastly complex economy. A major concern of the latest meeting was economic growth, its benefits and its harmful effects. The economists' views were reflected in last week's BUSINESS section. This week, again with the help of TIME's economists, we examine the nation's current economic posture. The term "recession" loomed large in the...
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