YOU ARE HERE: LAT HomeCollectionsWage And Price Controls

Wage And Price Controls

December 21, 2002 | Elaine Woo, Times Staff Writer
Ezra Solomon, a Stanford University economist credited with making the study of finance more theory-based, died of a stroke Dec. 9 at his campus home. He was 82. Solomon was the author of "The Theory of Financial Management," which was published in 1963 and is still considered a seminal work by finance scholars. Beginning in 1965, he was also editor for several years of the Prentice-Hall series "Foundation of Finance," which was influential in accounting and finance.
November 18, 1985 | WILLIAM D. MONTALBANO, Times Staff Writer
Nobel laureate Franco Modigliani headed the procession of intrigued American economic theorists. He had come, the Massachusetts Institute of Technology professor was reported as saying, to see "the Argentine miracle." To which one of those Argentine economic theorists depicted in newspaper comic strips holding forth from park benches replied: "It really would be a miracle if he finds the miracle."
September 19, 2004 | Irwin M. Stelzer, Irwin M. Stelzer is director of energy policy studies at the Hudson Institute and a contributing editor to the Weekly Standard.
Economist friends who have served in government like to joke that after a newly arrived president has finished admiring the Oval Office, he starts hunting for the secret room containing the knobs that control the economy. It's always a fruitless search. Still, presidents are not completely powerless to affect the economy. Since World War II, the economy seems to have performed better under Democratic presidents than under more overtly pro-business Republican chief executives.
December 4, 2009 | By Charles A. Stevenson
Congress used to raise taxes to pay for America's wars. Isn't it time to return to that practice? In 1798, Congress enacted its first direct tax -- on land, houses and slaves -- to pay for the naval expansion in what historians now call the Quasi-War with France. In 1804, Congress levied a 2.5% tax on top of import duties already in effect to create a Mediterranean Fund to pay for additional ships and naval operations against the Barbary pirates. Eight years later, Congress doubled existing import duties and levied new taxes, then issued bonds when that revenue proved inadequate to pay for the War of 1812 against Britain.
February 6, 2000 | From Hartford Courant
The tumultuous 1960s usually get the credit, or the blame, for shaping contemporary American culture. It was the decade of Woodstock and marijuana, of student unrest, protests over Vietnam and civil rights and the days when President Johnson's Great Society battled poverty and the Supreme Court created Miranda rights.
December 10, 2002 | James P. Pinkerton, James P. Pinkerton writes a column for Newsday.
John W. Snow underscored a major shift Monday in his brief remarks after being nominated as the next Treasury secretary. He mouthed the usual platitudes about "small businesses," "medium-sized businesses" and "large businesses." And then he hastened to add, "and investors." That's the reality of postindustrial America today: It's the investor class, stupid. Which is why Paul H. O'Neill, the ousted Treasury secretary, and White House economic advisor Lawrence B. Lindsey had to go.
Hollywood studios and writers over the last six weeks barely inched toward a resolution of critical financial issues to avert a possible strike, despite an impression in the industry that they were making progress, according to participants on both sides of the contract talks. Although negotiations between studios and the Writers Guild of America did not break off formally until Thursday, both sides say they realized talks would be fruitless almost immediately after they started on Jan. 22.
September 3, 1998 | JAMES P. PINKERTON, James P. Pinkerton is a lecturer at the Graduate School of Political Management at George Washington University. E-mail:
The essential difference between politicians and investors is that when uncertainty rises, politicians generally want to do more, while investors generally want to do less. "Doing more" usually means increased public expenditure and economic regulation. "Doing less" means reducing investors' exposure to risk; they sacrifice a higher rate of return for a higher level of security. In other words, politicians are naturally at cross-purposes with investors.
February 28, 1993 | ROBERT NELSON, Robert Nelson is chairman of a national public relations agency based in Irvine, and was the only Republican on the Bill Clinton transition team. and
Republican haggling about the party's future is clouded and confused by jargon and slogans. In this debate, no word is more abused or less relevant than "conservative." Is Barry Goldwater a conservative? He favors a woman's right to choose abortion. Alan Greenspan? He supports President Clinton's plan to increase income taxes and impose an energy tax. How about Milton Friedman and William F. Buckley Jr.? They want to legalize marijuana. Richard Nixon?
June 23, 1987 | ROBERT LEKACHMAN, Robert Lekachman is a professor of economics at Lehman College of the City University of New York and author of "Visions and Nightmares: America After Reagan." and
Let's begin with the obvious. Any central banker knows how to overcome inflation. Since 1945, central bankers in Western Europe, Latin America and elsewhere have repeatedly, if temporarily, halted and reversed price escalation. All that the central banker needs to do is slow the printing presses, push interest rates up, discourage business and consumer borrowing--and precipitate a recession.
Los Angeles Times Articles