Word: economists
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Dates: during 1960-1969
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...papers were swallowing their own medicine; they commissioned the report themselves. Begun a year ago by a subsidiary of the London Economist, the analysis was supposed to have been quietly circulated among the sponsoring publishers and unions. But the Guardian, which was not a party to the agreement, got a copy of the report and leaked salient portions. The leak forced the publishers to release the entire 555-page report. It is now the talk of Fleet Street-much to its own discomfort. For the report lays the lion's share of the blame for the industry...
...England's most controversial economist," as the dust jacket correctly bills Thomas Balogh, believes that the world is a ticking time bomb. Rich nations are getting richer while poor nations are getting poorer-and unless the trend is radically reversed, warns the author, all the colored races will embrace Chinese-style totalitarianism. His thesis is well-worn and his stark pessimism is questionable, but the problem of widening inequalities is all too real and urgent...
Almost every aspect of the economy has been subjected to searching analysis-except for organized crime. Now Harvard Economist Thomas C. Schelling, speaking in Washington before the American Association for the Advancement of Science, complains that "racketeering and the provision of illegal goods have been conspicuously neglected by economists." He proposes that they be studied-and fought-through techniques of "modern economics and business administration...
Britain was the cradle of both the industrial revolution and, with Adam Smith, the science of economics. With that in mind, Harvard Economist John Kenneth Galbraith, 58, went to London to deliver on BBC radio the famed Reith Lectures (a series of six) on "The New Industrial State." He entered a plea for a sort of diplomatic immunity...
Galbraith's notions met with astonishment even in socialist Britain. The Economist said that the "Galbraithian heresy" about the end of the marketplace "sits rather oddly beside the experience of the past 20 years, which have seen a wider array of entirely new consumer goods than in any other two decades before." The Daily Telegraph editorialized that Galbraith's propositions were based on "sleight of mouth." Economist Colin Clark was amazed at Galbraith's "grand and illusory dreams of all-powerful industrial corporations untouched by competition," and suggested that he observe a "cautious unwillingness to extend theory...