Word: galbraithe
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Education has an intrinsically dual character for the economist, John Kenneth Galbraith, Paul M. Warburg Professor of Economics, declared last night at Sanders Theatre. Galbraith, who may spend the Spring Term in New Delhi, contrasted the viewpoint of education as a capital investment to that of a consumption good...
With this new approach, according to Galbraith, a difficult problem of evaluation arises: how good an investment is education to a given investor. Obviously, the individual receiving the education at the elementary level is unable to decide. In addition, Galbraith maintained that the corporation, often heralded as a potential source of funds, represents an "entirely false hope...
Local communities cannot appreciate the interests of the total society, Galbraith stated, because they are occupied with regional goals...
Taken as a whole, these various factors result in discrimination against educational expenditure, according to Galbraith. With its broad revenue base and capacity to view the needs of the total society, the federal government constitutes the only reasonable agency for financing public education...
...John K. Galbraith, Paul M. Warburg Professor of Economics, will give a public lecture tonight on "Education in the Affluent Society" at 8 p.m. In Sanders Theatre. The lecture date was moved up two days at Galbraith's request because he is awaiting word of his appointment as Ambassador to India by President Kennedy...