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Heller may advocate lowering the top income tax rate from 91% to 60%, raising the interest-rate ceiling on long-term bonds, and may feel that wage increases can be economically harmful, and still call himself a pragmatist. Galbraith can call for sales taxes and call himself a pragmatist...

Author: /time Magazine | Title: Letters: Mar. 17, 1961 | 3/17/1961 | See Source »

...answers to "How goes the recession?" the most reliable is the one by Professor Galbraith, who is not reluctant to admit that nobody "knows what is going to happen." All the others are based on "hope of a turnabout" as indicated by Stanley Ruttenberg. Economists have still not acquired an understanding of the functioning and faults of our economy...

Author: /time Magazine | Title: Letters: Mar. 17, 1961 | 3/17/1961 | See Source »

Kennedy named J. Kenneth . Paul M. Warburg Professor of . Ambassador to India he noted economist has applied to university for a leave of absence. In of his nomination, Galbraith expects out the term." He stated that, is departure, Gustav F. Papaneck, on Economics, will teach...

Author: NO WRITER ATTRIBUTED | Title: Picked | 3/16/1961 | See Source »

...post, Galbraith extensively on various as- of economic development in India neighboring countries. Some of his on economic development have published in India. In 1952 and 1956 on the campaign staff of Adlai Democratic Presidential . From 1956 to 1960 he was the Economics Advisory the Democratic Advisory Council...

Author: NO WRITER ATTRIBUTED | Title: Picked | 3/16/1961 | See Source »

...because who knows what will happen in life? But it is very unlikely that I will ever act again." One reason: the Prince is against the idea, and being "very much the European husband, his word is law." While mingling with affluent society folk in Manhattan, Economist John Kenneth Galbraith met the Duke of Windsor for the first time. "I understand," said the onetime King of England, "that you're to be the new American Ambassador to India, Mr. Galbraith." "That's right, sir," replied the longtime Harvard professor...

Author: /time Magazine | Title: People: Mar. 10, 1961 | 3/10/1961 | See Source »

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