Word: galbraithe
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Kennedy appointed John Kenneth Galbraith, Warburg Professor of Economics, ambassador to India; Edwin O. Reischauer, professor of History, ambassador to Japan; McGeorge Bundy, dean of the Faculty, special assistant to the President for National Security Affairs; and Arthur Schlesinger, Jr., professor of History, special assistant to the President...
JOHN KENNETH GALBRAITH...
...Yorker Magazine publishes three segments from Nathan Pusey's forthcoming memoirs, entitled You Don't Need McCarthy to Fight Communism. John Kenneth Galbraith hails it as "perhaps not without some merit, but then again, perhaps...
...there any way that an advanced industrial society can keep from constantly ricocheting between the perils of inflation and unemployment? Some scholars think not, at least not without the most draconian action. John Kenneth Galbraith has become the voice of despair. He insists that, given the power of unions and companies to keep a wage-price spiral going even in a dragging economy, inflation can be curbed only by clamping on permanent wage-price controls...
...first step would be to establish an incomes policy that would stop far short of Galbraith's controls. Administration officials argue that incomes policy has never worked anywhere. They point out that Britain's Tory government is abolishing the Labor-created National Board for Prices and Incomes. In addition, Canada's Price and Incomes Commission announced last week that it would abandon the wage-price guidelines that it had been trying to induce business and labor to follow. Even some liberal economists tend to be skeptical of such experiments. "A young man might win himself a Nobel Prize for developing...