Word: capitalisme
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One might say that the decade of the 1910's marked a definite change in America's attitudes. No longer was the United States satisfied with the seamy side of capitalism, nor with the oligarchic rule of the Mark Hannas. Woodrow Wilson's New Freedom instituted wide domestic reforms, and...
With a marked improvement in food supplies this spring, the government has mounted a massive "Learn from Lei Feng" propaganda campaign, in an effort to halt what ideologists call the peasants' "spontaneous tendency toward capitalism." To the dismay of enterprising peasants, the government started cutting down on the minute...
The graduate economics department, where "classical" Economist Friedrich von Hayek long worked, now offers conservative Milton Friedman (Capitalism and Freedom) as Chicago's answer to Harvard's liberal John K. Galbraith. Yet the "Chicago School" is hardly hidebound; it recently imported a British Keynesian and was a little...
The new economy has thus exploded some classical economic theories. The competitive efficiency of the U.S. corporation in 1963 defies the logic of Adam Smith, the absent-minded professor who believed that hired managers would become negligent and sloppy and be overwhelmed by men in business for themselves. The expansion...
U.S.-style capitalism might already be dead, to judge by the absence of any official U.S. presence in the state. "We're not too much up to date in Michoacán," admits U.S. Ambassador Thomas C. Mann, who has yet to set foot there after nearly two years...