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Mar, John Erskine, 2d (or 7th) earl of

(Encyclopedia)Mar, John Erskine, 2d (or 7th) earl of, 1558–1634, Scottish nobleman; son of the 1st (or 6th) earl. In 1578 he was persuaded by James Douglas, 4th earl of Morton, to assert his claims to Stirling Ca...

Heller, Walter

(Encyclopedia)Heller, Walter, 1915–87, American economist, b. Buffalo, N.Y., grad. Oberlin College (A.B., 1935), Univ. of Wisconsin (M.A. 1938, Ph.D. 1941). He worked for the U.S. Treasury before joining the Univ...

Burns, Arthur Frank

(Encyclopedia)Burns, Arthur Frank, 1904–87, American economist, b. Austria, grad. Columbia Univ. (A.B., 1925; A.M., 1925; Ph.D., 1934). He taught economics at Rutgers Univ. (1927–44), and then joined (1944) the...

Summers, Lawrence Henry

(Encyclopedia)Summers, Lawrence Henry, 1954–, U.S. economist, government official, and educator, b. New Haven, Conn. Educated at the Massachusetts Institute of Technology (MIT) and Harvard, he taught at MIT and i...

Rostow, Walt Whitman

(Encyclopedia)Rostow, Walt Whitman, 1916–2003, U.S. economist and government official, brother of Eugene Rostow, b. New York City. A Yale Ph.D. (1940) and Rhodes scholar, he served (1942–45) with the covert Off...

Kuznets, Simon

(Encyclopedia)Kuznets, Simon ko͝oznĕtsˈ, kŭzˈnĕts [key], 1901–85, American economist, b. Kharkiv, Russia (now in Ukraine), grad. Columbia (B.S., 1923; M.A., 1924; Ph.D., 1926). He emigrated to the United St...

caravan

(Encyclopedia)caravan, group of travelers or merchants banded together and organized for mutual assistance and defense while traveling through unsettled or hostile country. Caravan trade is associated with the hist...

savings bank

(Encyclopedia)savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its deposi...

sanction

(Encyclopedia)sanction, in law and ethics, any inducement to individuals or groups to follow or refrain from following a particular course of conduct. All societies impose sanctions on their members in order to enc...

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