Mason, Leontief Agree With New World Economic Appraisal by UN

Two University economists commented favorably today on the recent United Nations economy report which optimistically predicted prosperity for the future with only minor recessions. if any at all.

Edward S. Mason George F. Baker Professor of Economics and Dean of the Graduate School of Public Administration, called the findings "essentially correct," while Wassily professor of Economics, said. "I think that the prediction is reasonable."

The U.N. report stated that full employment would, "for the first time, make the problem of international economic instability a manageable one" and that come what may, prosperity would be "not merely around the corner but in full view."

This study was compiled for the Economic and Social Council of the U.N. by a board of five economists including Professor James W. Angell of Columbia University, two Britons, an Australian, and a Mexican.

Mason, who spoke with Angell during preparation of the report in Washington, said that it was written primarily for countries whose economies depend wholly on a single or small number of raw material exports.

Needn't Fear U.S. Crash

He went on to say that "it ought to give a great deal of reassurance to these raw-material producing nations," because a U.S. depression like the one in the thirties which brought financial chaos to such countries would not reoccur in the future.

Leontief also stressed the dependency of certain nations on the raw material purchases of the United States and intimated that problems regarding the Bolivian tin situation were responsible for the recent resignation of W. Stuart Symington from the War Resources Board.

The University economist also declared that the recommendations of the U.N. board were essentially pleas for the "further extension of American financing of foreign countries."

Leontief cautioned of dangers that might arise in future years. Although agreeing that the U.N. suggestions might "relieve pressure on resources," he said that there was still a possibility of shortage