Word: ecksteins
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Dates: during 1960-1969
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...Otto Eckstein, associate professor of Economics, said that Keynes' economic theory does not imply any one political or social doctrine; it merely claims that the government can act to flatten out business cycles...
...Keynesian economists believed that full employment would ultimately be achieved if the economic system were left alone. "Then around 1935," related Eckstein, "people began to have their doubts" about government non-interference. Keynes' idea that government spending and tax deduction are effective anti-cyclical measures is "an economic fact, not an opinion," Eckstein said...