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Phelps, Edmund Strother, Jr.

(Encyclopedia)Phelps, Edmund Strother, Jr., 1933–, American economist, b. Evanston, Ill., Ph.D. Yale, 1959. He has been a professor at Yale (1960–66), the Univ. of Pennsylvania (1966–71), Columbia (1971–), ...

Sarney de Araújo Costa, José

(Encyclopedia)Sarney de Araújo Costa, José, 1930–, Brazilian politician, president of Brazil (1985–90), b. José Ribamar Ferreira de Araújo Costa. He served as a federal deputy (1958–64), governor of Maran...

Wirtz, William Willard

(Encyclopedia)Wirtz, William Willard, 1912–2010, U.S. secretary of labor (1962–69), b. DeKalb, Ill. A professor of law at Northwestern Univ. (1939–42), he served (1943–45) with the War Labor Board and was (...

Camden, city, United States

(Encyclopedia)Camden, city (2020 pop. 71,791), seat of Camden co., W N.J., a port on the Delaware River opposite Philadelphia, settled 1681, inc. 1828. The opening of...

depression, in economics

(Encyclopedia)depression, in economics, period of economic crisis in commerce, finance, and industry, characterized by falling prices, restriction of credit, low output and investment, numerous bankruptcies, and a ...

Macapagal, Diosdado

(Encyclopedia)Macapagal, Diosdado dēōsdäˈᵺō mäkäpägälˈ [key], 1911–97, president of the Philippines (1961–65). A forceful orator, Macapagal practiced law and later served in the Philippine diplomati...

Gary

(Encyclopedia)Gary, city (2020 pop. 69,093), Lake co., NW Ind., a port of entry on Lake Michigan; inc. 1909. Gary was founded by the U.S. Steel Corporation, which pur...

Burnham, Forbes

(Encyclopedia)Burnham, Forbes, 1923–85, prime minister (1964–80) and president (1980–85) of Guyana, formerly British Guiana. His full name was Linden Forbes Sampson Burnham. Of African descent, he received a ...

inflation

(Encyclopedia)inflation, in economics, persistent and relatively large increase in the general price level of goods and services. Its opposite is deflation, a process of generally declining prices. The U.S. Bureau ...

MacDonald, Ramsay

(Encyclopedia)MacDonald, Ramsay (James Ramsay McDonald), 1866–1937, British statesman, b. Scotland. The illegitimate son of a servant, he went as a young man to London, where he joined the Social Democratic Feder...