"Gerald Allan "Jerry" Cohen", Fellow of the British Academy/FBA was a Marxism/Marxist political philosophy/political philosopher who held the positions of Quain Professor/Quain Professor of Jurisprudence, UCL Law/University College London and Chichele Professor of Social and Political Theory, All Souls College, Oxford. Born into a communist family in Montreal, Cohen was educated at McGill University, Canada (BA, philosophy and political science) and the University of Oxford (BPhil, philosophy) where he studied under Isaiah Berlin and Gilbert Ryle.

Cohen was assistant lecturer (1963–1964), lecturer (1964–1979) then reader (1979–1984) in the Department of Philosophy at University College London, before being appointed to the Chichele chair at Oxford in 1985. Several of his students, such as Alan Carter (philosopher)/Alan Carter, Will Kymlicka, John McMurtry, David Leopold, Michael Otsuka, Seana Shiffrin and Jonathan Wolff (philosopher)/Jonathan Wolff have gone on to be important moral and political philosophers in their own right.

More Gerald Cohen on Wikipedia.

No two periods are ever identical, and we don't expect cars to sprout fins, but we do think that there's a good chance that many of the favorable economic trends of the 1950s will re-emerge in the years immediately ahead.

But whether payrolls come in at minus 10,000 or plus 10,000, it won't tell you that much.

We're talking about the difference between a little below and a little above, but the number is consistent with the view that we're going to see payrolls flat to lower in August.

It's consistent with the view that things are not good now, but there's the potential for a pickup. The only question is what the magnitude of the pickup is going to be, and we're not as sanguine as [Greenspan is] about that.

That could cause the Fed to raise rates faster.

If prices are rising in response to a pickup in global demand, that's a good sign for the economy. Though it does impart a drag on the economy, you don't feel it as much.

Wouldn't it be nice to see a repeat of that?

A self-sustaining recovery depends on job growth. And I think we will get some going forward.

These numbers give you pause. The ISM and the fact that jobless claims continue to rise suggest there continues to be job loss.