The Rise of Economic Advisers
ECONOMISTS," Stuart Chase once remarked, "are almost invariably engaged in defeating the last slump." For long years, U.S. economists were, in fact, best known for their hindsight. But in recent years, business analysts have come out of the ivory tower and into the marketplace. Dozens of organizations, e.g., the Council for Economic Development, the Twentieth Century Fund, keep the public informed on business trends. In business and in government today, few decisions are made without an' economic "fix" from an expert.
Economics is everybody's business in the U.S. today,...
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