Word: economists
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Dates: during 1970-1979
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...primarily to the lack of radical economics course offerings. I would like to suggest that more fundamental reasons for the malaise are a) the teaching is often of poor quality, and b) there is no evidence that the department cares about the students. It is easy for a prospective economist to become disgusted with the poorly taught neoclassical theory and to look for some group which really cares about him or her. The radical courses tend to be better taught, and the radical economics group (URPE) offers a needed sense of comraderie. Thus many students soon become believers that neoclassical...
...seems to me, by the way, that it is no accident that the radical courses are on the average taught better than the others. For an 'establishment' economist, one way to achieve power in the department is by obtaining large research grants from government and/or the private sector. As the radicals have often observed, these sources of funds are generally not as available to them for obvious reasons. Therefore, one way for them to attempt to gain power is by developing large and vocal followings of students. This can be done by teaching excellently, being a through iconoclast...
...whole, however, there is a grave threat that goes beyond the direct effects of the crisis. Though some countries hope to increase exports of specific products, total exports of the poor nations could fall painfully, if fuel shortages slow economic growth among their customers in the industrialized world. Some economists project a drop that will force the underdeveloped countries to borrow $15 billion from the rich nations this year. That would add to a debt burden that already is growing oppressive. One economist for an American bank in London predicts that five years from now, most of the foreign...
...House Speechwriter Patrick Buchanan and other Administration spokesmen occasionally hinted about Government intervention to break the "liberal monopoly" of the national press, the gambit was obviously a partisan effort to pressure rather than persuade. It is different with Professor Ronald H. Coase of the University of Chicago, a British economist with no discernible political ax to grind. He suggests that federal regulation of the press would be appropriate on social and economic principle. In a scholarly paper given before a recent New York City seminar, Coase broadened the Nixonians' argument by challenging the special status of the American press...
...Finally, about half of Moyers' shows are conversations with people who view public life from angles not much reported on television. He has talked things over this season with, among others, Black Poet Maya Angelou, Labor Leader Harry Bridges and Historian Daniel Boorstin. Last week, Moyers interviewed Swedish Economist Gunnar Myrdal, who has been carrying on a love-hate relation ship with the U.S. for more than 30 years...