Business: To the Prophet Go the Profits

Economics + Computers = $$$ for Eckstein

"Let's see," says Otto Eckstein entrepreneurial economist, "how many clients are speaking with our computer at this moment." The good doctor presses a shiny gray key of a Burroughs 7700 computer, and out whirs the answer: 113. Then he touches another key, and the computer spits the names of those 113 paying customers. Among them are the departments of State, Treasury, Commerce and Justice and two dozen other federal agencies. Then there are Morgan Guaranty, Bank of America, Citibank and a score more banks, and...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!