Word: rationale
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Dates: during 1970-1979
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In the State Legislature, meanwhile, the Natural Resources Committee is considering H.R. 6716, a bill "regulating the generation, transportation, storage, treatment and disposal of hazardous wastes." Among other things, the bill promises public hearings in areas marked for potential dumping sites. If state regulations aren't enough, Harvard has Cambridge...
Fisher, a buddy of State Department heavies, teaches rational and cool-headed policy-making using a series of "tools," which he presents in bi-weekly Socratic lectures. Weekly section meetings reinforce the skills learned in class.
His best books are parables written out of anger at some inexplicable kink in the collective psyche: blind trust in science and scientists (Cat's Cradle); faith in war as a rational activity (Slaughterhouse-Five). After a lengthy period of mellowed-out serenity (and two mediocre novels, Breakfast of...
ROBERT LUCAS, 41. The "rational expectations" economists hold that short-term policy jiggering cannot outsmart human ingenuity, or, you can't fool all the people even some of the time. One principal in this school is Lucas of the University of Chicago. Says he: "The real amount of goods...
Lucas proposes that the Government adopt only firm, long-term policies upon which rational expectations can be based. Says he: "Ideally, we should announce a monetary expansion policy of 4% annually for the next seven years and then stick to it. People would respond, and inflation would be cured with...