Word: economists
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Dates: during 1970-1979
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...Marglin, whose circle of friends waned with the student movement, will patiently wait for it to wax again. Until then, he will remain Harvard's only tenured radical economist--a mistake the faculty made when their guard was down, but the best evidence that alternative approaches cannot be easily silenced...
CAMBRIDGE WILL BE a little lonelier next year for Stephen A. Marglin '59, Harvard's only tenured radical economist. Arthur MacEwan, who has been the other radical economist since Samuel Bowles and Herbert Gintis were shown the door in 1972, is leaving town. He too has been denied tenure. Even sympathetic liberals, like John Kenneth Galbraith and Wassily Leontief, seem an endangered species. So Marglin will be almost alone in his challenges to mainstream economics and, more than ever, he will seem the Economics Department's bright-boy-gone...
...reputation of someone who once did respectable work, who won tenure in 1967 as a "straight," but who emerged as a closer Marxist shortly after. He wasn't surprised or hurt when James S. Duesenberry, chairman of the Economics Department, implied that Marglin and MacEwan were politicians, not economists, at a debate in April. The 700 spectators in the Science Center winced, but Marglin, who says he and Duesenberry are on "very cordial" terms, thought the debate was unexpectedly mild. He grimly acknowledges that he will be known as "Harvard's only tenured radical economist" for some time...
...very least, though, the nation can forget the fear, widespread as 1975 began, that the slump will continue spiraling down into a genuine depression. Hardly a businessman or economist can be found who does not expect an upturn some time this year, and most are looking for it sooner rather than later. "I think honestly that it's going to turn around in this quarter," says Joseph B. Lanterman, chairman of Amsted Industries. Says Lee lacocca, president of Ford Motor Co.: "The worst is behind us." Richard Everett, chief domestic economist of the Chase Manhattan Bank, proclaims himself "confident...
Kobysh calls Galbraith "an economist and sociologist of world repute," a "brilliant essayist," and "a close associate of John Kennedy and ambassador to India at his request," and mentions that he is "more than two meters tall...