Word: galbraith
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Dates: during 1950-1959
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Although American foreign aid has been "a great success," in several countries military grants have been wasted, according to John Kenneth Galbraith, professor of Economics. During yesterday's WGBH-TV program "Foreign Aid and Economic Policy," Galbraith also charged that the United States has damaged its reputation by associating with totalitarian rulers in Latin America...
Birth control and the government's dollar loss were among the other topics Galbraith considered. Although population control is already vital to the economic development of many countries and may some day be necessary in the United States, he said , the government should keep the issue entirely out of foreign aid discussion...
...good deal "thrust upon them." A majority of the responsibility for hostessing newcomers' teas, "visiting firemen's" dinners, and graduate and undergraduate meetings is theirs. Others elect a university affiliation: the Drs. Rudolph teach a course together on Indian Government and the Handlins work together on research. Mrs. Galbraith teaches German at the College while Mrs. Fainsod is currently working as a research assistant to Professor Paul Buck, and Mrs. Murdock is working on a Ph.D. in Comparative Literature...
...former Presidential candidate lunched with Riesman, Arthur M. Schlesinger, Jr. '38, professor of History, John Kenneth Galbraith, professor of Economics, Seymour Harris '20, Lucuis N. Littauer Professor of Political Economy, and his son Borden. "It was a political bull-session," Borden commented after the luncheon party broke up. Both Galbraith and Schlesinger are members of the Policy Committee of The Americans for Democratic Action...
Under these circumstances, Harvard's introductory course in economics can hardly be considered impartial--it certainly presents the "liberal" position in a favorable light, and tends to downgrade what Galbraith calls the "conventional wisdom." It is not surprising that a third of Harvard's students declare themselves in favor of "reduction of current unemployment by government action, even at the price of aggravating inflation," or that two-thirds support "government wage and price controls to check the inflation"--the second policy presumably helping to balance the first...