Word: galbraithe
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...boys can take a few pictures." Volpe then grabbed a handful of pens from the desk and began making swift, but imaginative, doodles at the bottom of the paper with one pen after another. It was about two dozen of these pens that he gave away to onlookers, including Galbraith and Pusey...
President Pusey and John Kenneth Galbraith, Paul M. Warburg Professor of Economics, stood by as the Governor affixed his signature to the legislation at a few minutes past...
...Proxmire deplored "an economic-policy civil war." Seymour E. Harris, chairman of the economics department of the University of California at San Diego, called the Federal Reserve's independence "an insane idea," and criticized the use of a monetary "sledge hammer" on the economy. Harvard Economist John Kenneth Galbraith called the Federal Reserve an "anachronistic" body whose rate rise was "visibly uninformed...
Horrified Rumor. Thus, Wall Street was suitably horrified last week as rumors swept the Street that Balderston's replacement might be none other than Galbraith. If the President nominates an easy-money advocate, the Board's one-vote margin for higher interest rates would disappear and Bill Martin might resign. Johnson has reportedly rejected three men for Balderston's chair, has not yet made up his mind. The business community particularly opposes the appointment of another man like Sherman Maisel, an easy-money man and a former University of California economics professor named to the board...
Aside from partisanship, other pitfalls exist in the sort of "instant history" that Schlesinger has undertaken. Even if he had not been partial to the Administration, some critics ask, wouldn't his very closeness to events distort his perspective? Harvard Economist J. K. Galbraith, perhaps Schlesinger's best friend, thinks not. "Saying he was too close to events is like saying he had too much information," says Galbraith. But won't future books offer a much better perspective? Says Author Theodore H. White, who has written a good deal of instant history himself...