Brown and White Vol. 82 no. 31

              brown and white vol 82 no 31 ' _*.-.■£-.-_■ dv_s._*_v ■_■_■_• .*.-.-.-.-.-.-.-.■->-.-._ ...-_• ...... bethlehem pa friday february 26 1971 mßmiiwswf&i 866-033 i samuelson predicts inflation expansion and long life in 1980 by bill white the life of man in 19h0 will be crowded rich nasty brutish and long predicted mr paul a samuelson 1070 nobel laureate and professor of economics at the massachusetts institute of technology in 1 lecture to a capa itv audience last night in drace hall tti 1 presentation was the first in the newlv instituted philip i merman i ture series in economics mr samuelson's lecture included some of his prediritions for the near and far economic future and comparisons between those and the predictions of other economists mr samuelson's speech was entitled what now for the new economics and he wasted no time in establishing that the new e.oiiomics is here to stav i don't think the new economics is a passing fad he stated samuelson established the new economics in october 19(78 and after two vears of watching it in action he announced that he could provide an exact preview of the future at the end of 1970 the cross national product gnp was 1 trillion samuelson predicted that 10 vears from now the gnp will be 2-trillion he added that prices will be exactly 33-1/3 percent higher other e onomlsts are predicting a gnp of 2.8-tril!ion bv 1980 samuelson said that the average person will be earning 20,000 a vear bv 19h0 but that that sum will not leave him affluent in addition to the higher prices he will have to pav 7,000 in taxes used to keep l>eople from elbowing each other to death life will be longer he predicted with the conquest of arterial and cardiac disease and that of pneumonia in fact he said if the motorcycle doesn't got you vou'll b<a immortal samuelson also looked back on some of the predicitlons of the 60's the natives of wall street christened the 60's the roaring 60's he commented but the decade got off to anything but a roaring start economists fared better in their predictions he said -- thev predicted a p-rnwth in real currency of fifty percent and the actual gain was exactly that forecasts of population growth were less successful thev predicted a growth of 28 billion the lo the the growth for the japan < b&w photo by mccokmick economic forecasting was the primary concern of nobel laureate paul samuelson what did he predict 7 " a crowded rich nasty brutish and long life for man in 1980 plagiarism or theft u sees a difference dishonesty is dishonesty whether he robs a bank or steals a loaf of bread or steals somebody else's work with t hese words dean charles w brennan expressed his opinion on penalties for academic and non-academic dishonesty see related editorial last semester this philosophy was en acted by the university in the punishment of two students one was caught stealing a carton of cigarettes from the university bookstore the other was caught plagariz mg two themes both were suspended however the student who was punished for plagarizing subsequently appealed this decision the faculty appeal board decided in favor of the student and the punishment forum approves new bylaws session routine tuesday's forum meeting dealt with the proceedure for the approval ol deans a report of thc trustees in*»ptinp of jan 14 and with the adoption of permanent bv-laws the meeting continuing from feb lfi lasted for over two hours proposed permanent bv-laws of the university forum were introduced hv section ;<■ i vote to be accepted rejected or referred to committee section 1 which deals with the purpose of the forum was readily approved however section 2dealing withdefinitions used in the bv-laws met with considerable disagreement the definition of facuitv meaning those who hold the rank of instructor or higher but not academic deans the director of physical education or approved candidates for advanced degrees who are not instructors came under attack and was referred to committee with the recommendation that deans and the director of physical education be l nc luded two other subsections for section 2 were also referred to committee a para graph dealing with graduate students was sent back because there was no provision for part-time grad students as there was for part-time undergraduates a subsection defining constituencies of tiie forum was referred to committee because ii did not include members of the mart and linderman library who can hold seats on the forum in section 3 on member and elections one portion concerning the constituency in regard to filling a vacant seat was returned to committee dean charles brennan eco discussion on gambling state lotteries dr eli schwartz university professor of economics cited the ci i ml nal demerit's monopoly on the gambling market as tive reason for its success in tliat field the ask the economist panel dis cussion thursday evening in tive whittaker mab auditorium included dr schwartz mr robert j thornton dr andrew a weintraub and mr richard a come with dr j richard aronson as moderator thev fielded questions on topics ranging from airport subsidies to fhe social re sponsibilities of individual business firms mr weintraub said that a state lottery system's two main advantages are that it is supposed to supply a great deal of revenue . and that it should eliminate illegal gambling however to compete with the criminal element it wiil liave to t>e efficient which means plowing large portions of the revenue back into prizes in other words they won't gain much revenue dr schwartz rejected governmental subsidy for airports pointing out that it is no longer an infant industry that requires subsidy to " get off the ground he also remarked that the large airport jams might be avoided bv altering ticket cost accuidiit t thc plane's time of departure or arrival ticket prices for passengers on planes leaving at peak hours would be raised while ticket prices for planes leaving at inconvenient hours vyc-.-_.c !^__ l*iwtt.*<_d . gordon lightfoot booked for concert on march 15 by dave morrison to the distinctive sounds of gordon mightfoot grace hall will swing once more in what is expected to be a really great concert lightfoot will perform at the university on march 15 at 7.30 according to concert committee chairman andy bresler bresler is quite enthusiastic about the success of the concert which is being backed by an outside promoter tickets will go on sale to living groups wednesday march 3 at 4.00 a seat the announcement was made unexpectedly this week just as many people including this reporter had given up hope for another concert this year in view of the financial losses suffered on previous concerts it seemed too risky to trv to book another concert wdth most of the concert committee's resources exhausted of the 5000 allocated by the university to backstop concerts for the current academic year 3500 was lost on delanie and bonnie and 400 on procol harem the only route remaining was to iimit plans to a no risk concert an outside promoter would essentially put up the cash to backstop the concert thus absorbing all chance for loss or profit tom and jerry productions have been engaged by the concert committee for that reason a great cause of the potential financial failure of any concert involving a name group is the limited seating capacity of grace hall ticket sales seldom provide the revenue to pav the performers consequently signing on a group like chicago which charges as much as 30,000 would be out of the question it ls only when these groups can l>e engaged at a drastically reduced price that financial success can be expected last year sly plaved for less than their going rate because they were in the area with an open night synthetic needs form encounters says u senior man " must clear out some of his emotional tubes said ken dychtwald 71 tuesday in the u.c during his lecture human potential movement constructive therapy vs destructive quackery dychtwald a recipient of an under graduate research award in psychology at the university is qualified to lead encounter group therapy discussions speaking about his experiences with the esalen institute big sur califor nia he said the reason for encounter groups is our culture needs a synthetic situation he classified people into three gen eral categories sick functional and healthy and said that " growth centers usually include only the functional and healthy their purpose is not to heal see the economic page 4 see growth page 6 see getting page 4 see inconsistencies page 4 see trustee page 6