Word: galbraith
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Dates: during 1950-1959
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...case in point. Using a popular text-book by MIT's Paul A. Samuelson, the course lays great stress on Federal fiscal policy (e.g. "countercyclical spending" by the national government to help offset periodic business slumps). Lecturers include Seymour Harris, Chairman of the Department and John Kenneth Galbraith, author of The Affluent Society...
Speakers at the evening sessions will include Professors John Kenneth Galbraith and Samuel A. Stouffer of Harvard, Robert C. Wood of M.I.T., and President Emeritus James B. Conant...
...case in point. Using a popular text-book by M.I.T.'s Paul A. Samuelson, the course lays great stress on Federal fiscal policy (e.g. "countercyclical spending" by the national government to help offset periodic business slumps). Lecturers include Seymour Harris, Chairman of the Department and John Kenneth Galbraith, author of The Affluent Society...
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 suprising 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 inflation"--the second policy presumably helping to balance the first...
Members of the Committee include professors J.K. Galbraith, Seymour E. Harris '20, Arnold M. Soloway, Arthur M. Schlesinger, Jr. '38, Samuel H. Beer, Arthur A. Maass '27, Archibald Cox '34, Mark deWolfe Howe '28, John P. Dawson, and Abram J. Chayes...