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That heresy shakes the almost reverential respect accorded by the profession to Britain's late John Maynard Keynes, the century's most influential economist. The belief of Keynes's disciples that governments often could manage economic affairs as efficiently and effectively as free markets themselves has been rejected by the...

Author: /time Magazine | Title: To Set the Economy Right | 8/27/1979 | See Source »

The new group represents what might be termed the rubber band school of economics?what the profession itself calls "elasticity." The sensible notion is that people respond to the specific incentives of price and supply and that, given the right incentives, the market itself is better equipped than the Government...

Author: /time Magazine | Title: To Set the Economy Right | 8/27/1979 | See Source »

A Yankelovich, Skelly and White poll of the general public, judges, lawyers and community leaders last year ranked public confidence in state and local courts below many other major American institutions, including the medical profession, police, business and public schools. Too much law, too many lawsuits and too many lawyers...

Author: /time Magazine | Title: Judging the Judges | 8/20/1979 | See Source »

"Inbred in me is a concern for rights of the minority, no matter how unpopular," says Hill, 64. "Concern for religious and political freedom, human rights, just the right to practice a profession and get an education were things that were denied to my forebears." His roots have clearly helped...

Author: /time Magazine | Title: Law: Vindicating Rights in California | 8/20/1979 | See Source »

Wryness was his real profession; by the 1950s, when he was editing Punch, it was clear that Muggeridge was one of the saltiest essayists of his time. He went public on English television, as a panelist of dependable perversity. Then he surprised his audience with a book called Jesus Rediscovered...

Author: /time Magazine | Title: Books: In Bad Humor | 8/13/1979 | See Source »

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