Word: gailbraith
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John Kenneth Gailbraith's housekeeper never had a problem saying no. One day President Lyndon Johnson called the Galbraith house wanting to talk to the great economist, who had lain down for a little shut-eye. "He's taking a nap and has left strict orders not to be disturbed," said the housekeeper. Johnson replied, "Well, I'm the President. Wake him up." The response: "I'm sorry, Mr. President, but I work for Mr. Galbraith, not for you." Click...
...Gailbraith donated to the Fogg Art Museum and the economics department as well. But he also fought with his more conservative colleagues. After the department rejected the tenure bids of two left-leaning associate professors, Galbraith—who supported the tenure-seekers—circulated a memo calling for the creation of a breakaway branch of the department that would teach "non-conventional" topics, including Marxism. The proposal never took root...
...Gailbraith does well to emphasize the enormous concentrations of private socioeconomic power which thwart macroeconomic planning and continue inflation. A fling at price-wage controls, however, will not solve the crisis of modern liberalism. The country needs a full-scale commitment by a political party to run a government without the interest groups, break down private administrative conglomerates in the trades and professions, and restore a little more competition. It needs some old-fashioned Progressivism, interest-group trust-busting, and even a dose of Naderism before the next Democratic Administration can effectively plan and execute policy...
Robert S. Strauss, a wealthy Texan who now heads the Party's fund-raising efforts, wants Gailbraith removed from the Party's Policy Council...
...fact, Galbraith has recently called for the "constitutional reform" of Harvard on at least partly the ground that the university will then be better able to deal with student radicals. (One wonders what Gailbraith thinks of Dean Ford's idea that "we need not surrender the very concept of differentiation of roles as among governing boards, faculty members, and students" for that is precisely what Galbraith wants to surrender, although as a radical I'm a bit suspicious of people who want to "deal" with...