Word: galbraithe
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...unemployment would be outright federal controls on wages and prices. Paul A. Samuelson of M.I.T., a liberal economist, says that controls should be "saved for emergencies"; most officials shudder at their use under any. circumstances. In a letter to the Washington Post last week, Harvard's John Kenneth Galbraith argued for revival of the Johnson Administration's voluntary wage-price guideposts, "or something similar." Yet, as Johnson learned, such guideposts can be flouted so often that they become meaningless...
...years ago. It now appears that the Victorians are not Mumford and his following but the defenders of unhindered technology and its corporate and military offspring in this country. In any case, Mumford has now picked up allies both in the establishment--mayors who are fighting pollution and Galbraith who warns of corporate control in the New Industrial State--and on the Left...
...Harvard Professor Hendrik Houthakker, 44, a specialist in international economics, was named to the Council of Economic Advisers. The appointment was applauded by his academic peers. Said Democrat John Kenneth Galbraith, a Harvard colleague: "If you're going to have a conservative, it's good to have a competent...
...Boom itself is a target of protest, both because it is there and because there is not more of it. Italian Novelist Alberto Moravia echoes U.S. Economist John Kenneth Galbraith when he complains about the affluent society: "The priority given here to goods compared with that given to social and cultural needs shows the degree of our corruption. Italian industry thinks only of the expansion of consumption. And it is not with culture, but with money, that one buys." Many of the critics, particularly the protesting student extremists, take their prosperity for granted and never knew the general privation...
...paying servicemen wages lower than they could get in a free market is, in effect, a subsidy for the Department of Defense. "We shift the cost of military service from the well-to-do taxpayer, who benefits by lower taxes, to the impecunious young draftee," explains Economist John Kenneth Galbraith...