'AGE SIB TIDE MICHIGAN DAILY THURSDAY, SEPTEMBER 1, 1966 PAGE SII THE MICHIGAN DAILY THURSDAY, SEPTEMBER 1.1966 ECONOMIIST'S WARNING: Rege nts Approve Pre-doctoral Certificate ECono's WAnG: Johnson's Conduet ii: iAirline By MEREDITH EIKER At the recommendation of Dean Stephen Spurr of the Rackham School of Graduate Studies, the Regents approved in May the granting of a Certificate to grad- uate students who have completed all doctoral requirements except the dissertation. The Certificate is the first step toward the establishment of an intermediate degree between the masters' and the Ph.D. Spurr commented in that "there is a great need for this degree. The proposed Candidate's certificate is designed to give not only recogni- tion to the many students who have completed all their require- ments except the dissertation, but also to meet the needs of students who wish to become thoroughly exposed to the subject matter of a particular field of specialization, and yet who are not interested in the type of detail and extended scholarship required by the doc- toral dissertation." Wait for Acceptance Both Spurr and Vice President for Academic Affairs Allan F. Smith observed, however, that the University should not create such a degree until it becomes accept- able elsewhere. While the Univer- sity is the first of the Big Ten schools to adopt a certificate pro- gram, Yale and Berkeley among other institutions, are considering Dne too. Spurr noted that since May, when the Certificate was first an- nounced, "favorable reactions and good publicity have appeared i across the country." He cited re- Ii cent articles in Time Magazine Spurr is optimistic that the Uni- and the New York Times as well versity will begin the intermediate as in numerous education journ- graduate degree program in June. ,als. He said, too, that response 1967. Strike Sets Stage for S piral from the University's faculty itself has been equally encouraging. As soon as there is agreement among institutions as to some of the specifics-such as the name- of the degree, Spurr will ask the executive council to recommend that the Regents formally institute the program at the University. "It would be demoralizing, said Spurr, "to begin using the degree and then have to change its name two years later.". Education School The education school also an- nounced in June the establish- nent of a new doctoral program in educational research. Program lirector Byron G. Massialas said that the Social Science Education Doctoral Program will prepare re- searchers in social science educa- tion at elementary and secondary school levels. f I rl u f f MTTITI tiirir SWEETEN MORNING C.OFFEE C o l l764-0558 I, President Johnson in the airline strike has taught the nation's bus- inessmen that he will not back them up even when they are sup- porting his own policies, a Uni- versity of Michigan business econ- omist charges. Associate Prof. Ross J. Wilhelm says the President's conduct also has helped teach the union mem- bers that militancy pays - that the longer they hold out, the more they will receive. "The stage is set for a wage- price spiral upward over the com- ing year, and Mr. Johnson's ac- tions may have been a major con- tributing factor in bringing it about," he concludes. While the airline strike has caused much inconvenience to the public, the economic questions and problems raised by the strike will have serious long-run effects on the economy, Wilhelm points out in a discussion on his radio pro- gram, "Business Review," produc- ed by the University Broadcast- ing Service. Fundamental Problem "The most fundamental prob- lem raised by the airline strike arises from President Johnson's efforts to settle the strike," he de- lares. "The President personal- ly moved into the dispute when it appeared that there was a strong possibility that a settlement could be reached." Whatever the President's rea- sons, the maneuver failed when, union members rejected the pro- posed settlement. But more im- portant, Wilhelm says, are the long run economic effects of his ac- tions. Key Point "The key point in the airline dispute was President Johnson's own wage-price guidepost policy," he explains. "The airlines had tak- en the position that any settle- ment in excess of a 3.2 per cent increase-the President's guide- post-was unacceptable. The un- ion was fighting for a settlement which was much higher.". "Now, when the President en- tered this dispute and personally agred to an increase that amounted to about 6 per cent, he obviously was setting a precedent, and in effect he changed his own policy . . . Where do the Presi- dent's actions leave the airline executives and any other man- agement group that tries to sup- port the President's anti-inflation policies? Why should any company management accept all of the pain and losses of income involved in a strike if the President ends up by not supporting them and giving in to the unions by changing his policy?" "Because the Johnson interven- tion was made so early in the strike, and his policy on inflation apparently was 'changed overnight on the whim of the President,' cor- porate executives may feel that the wage-price guideposts are not very important and that the ad- ministration will not back them up in following them anyway," Wilhelm says, 'Militancy Pays' "On the other side, the Presi- dent's actions in the airline strike have taught every union member and every union leader that mili- tancy pays," the University econ- omist adds. "The settlement ac- cepted by the President not only went beyond his own wage-price guidepost, it even went beyond the inflationary settlement the Presi- dent's own fact-finding advisers had recommended. "Militancy by the union has brought forth increasing offers from all parties the longer the strike has continued. Is it sny wonder why the union members refused to accept even the Presi- dent's offer? They have been taught by everyone, including the President himself, that the longer they hold out the more they re- ceive," Wilhelm said. "It is only reasonable that if Mr. Johnson and his advisers gave them bigger offers twice in a row as the strike continued, they might get even more if they turned down the President's second offer." 4 4 Sport Coats Herringbones and plaids the traditional look. Fine dominate imported ____________----____-_ i and domestic shetlands and tweeds in a wide range of fall shades. I distinctive new to 6500 32 50 Slacks FINE WORSTED Raeford Worsteds in distinctive twist patterns in wide range of classic shades. 1545 SQUARE PLY Hardiest washable slacks that "never need ironing" - see this outstanding value. 795 i I Dress Shirts Traditional button down collar in fine oxford cloth. 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