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...their work, as was the radicalized Marglin in the late '60s. He thinks mainstream economists are inextricably bound to capitalism. "Their politics are quite consistent with their economics." Marglin say. Marglin doesn't think many economists were radicalized by the debate last month--"I didn't really expect to shake Otto's faith in capitalism," he laughs. But he does believe that the mainstream representatives--Duesenberry and Eckstein--"gave up a lot of ground to us...Of course, the terrain was very favorable to us--7 per cent inflation and 9 per cent unemployment...

Author: By Tom Lee, | Title: The Radicalization of Stephen Marglin | 5/12/1975 | See Source »

...Webb, who was Truman's budget man, recalled how Truman used to jump up and shake his hand every time he entered the Oval Office. Finally Webb said, "Mr. President, you don't need to do this. I've been here before." Truman said, "Oh, no. You don't know how the presidency operates. If I didn't shake hands, somebody would say, 'The President's mad at the budget director...

Author: /time Magazine | Title: THE PRESIDENCY by HUGH SIDEY: Reliving the Good Old Days | 5/5/1975 | See Source »

...Celtics fell prey to the Washington Bullets last night in the second game of the National Basketball Association's Eastern Conference finals. The 117.92 loss gave the Celtics a 0-2 deficit in the playoffs. Returning to Boston for the third game on Saturday, the Celtics will try to shake their slump in front of the home town fans...

Author: NO WRITER ATTRIBUTED | Title: CELTICS LOSE | 5/1/1975 | See Source »

...coast horses don't win the Derby. Avatar (Santa Anita Derby winner) will be joined this Saturday by his California nemesis Diabolo (California Derby). While Diabolo is the better of the two, both horses will be fighting a long California tradition of Derby losses that will be hard to shake...

Author: NO WRITER ATTRIBUTED | Title: Tom Columns | 5/1/1975 | See Source »

...That shake-up will be paced by legislation now pending in Congress that in many ways is even more sweeping than the stringent measures passed during the New Deal in reaction to the stock market excesses of the Roaring Twenties. The new competitive era for Wall Street arrives as brokers scramble for capital to offer fresh investment ideas in new ways to U.S. investors...

Author: /time Magazine | Title: WALL STREET: Prosperity Blunts 'Mayday's' Edge | 4/28/1975 | See Source »

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