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...told, the decades immediately after World War II were something of a golden age for socialism. As countries extended their sway over business, Economists Joseph Schumpeter and Friedrich von Hayek darkly warned of an irreversible global turning away from capitalism. Schumpeter argued, "Socialism of a very sober type would almost automatically come into being." Hayek predicted that the rejection of free enterprise would create dictatorships everywhere...

Author: /time Magazine | Title: A New Age of Capitalism | 7/28/1986 | See Source »

...urged to keep their children out of sandboxes, to avoid touching the ground with anything but their feet and to protect themselves from rain. Yet in Bavaria officials saw no harm in letting children play in sand as long as they kept it out of their mouths. Interior Minister Friedrich Zimmermann sought to ease fears like those that caused almost 1,000 anxious TV viewers to call a panel of experts with such questions as whether they should jog, play tennis or walk their dogs. Said Zimmermann in a special radio and TV address: "Based on present findings, there...

Author: /time Magazine | Title: Soviet Union More Fallout From Chernobyl | 5/19/1986 | See Source »

SENIOR WRITERS: Ezra Bowen, George J. Church, Gerald Clarke, Richard Corliss, Otto Friedrich, Paul Gray, Robert Hughes, John Leo, Ed Magnuson, Lance Morrow, Frederick Painton, Roger Rosenblatt, R. Z. Sheppard, William E. Smith, Frank Trippett...

Author: /time Magazine | Title: Time Magazine Masthead May 12, 1986 Vol. 127 No. 19 | 5/12/1986 | See Source »

News Desks: Suzanne Davis, Frances Fiorino, Tam Martinides Gray, Susan Lynd, David Richardson, Diana Tollerson, Jean R. White, Arturo Yaez, Jacalyn McConnell, Pamela H. Thompson, Ann Drury Wellford Administration: Emily Friedrich, Linda D. Vartoogian...

Author: /time Magazine | Title: Time Magazine Masthead May 12, 1986 Vol. 127 No. 19 | 5/12/1986 | See Source »

...reading what has been written about the Katz retrospective that opened last month at New York City's Whitney Museum of American Art, one would think so. The reviews and catalog essays thus far have favorably compared him with Edouard Manet, Edgar Degas, Jackson Pollock, Frederic Remington, Caspar David Friedrich, Cole Porter and Fred Astaire. "Katz's astonishing achievement," writes Curator Richard Marshall in the catalog, "is to have reconciled abstraction and realism in post-World War II America...

Author: /time Magazine | Title: Art: The Rockwell of the Intelligentsia | 4/14/1986 | See Source »

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