Word: galbraith
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Dates: during 1980-1989
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...Others: Economists John Kenneth Galbraith, Paul Samuelson and Lester Thurow; Carter Administration officials Patricia Roberts Harris, James Schlesinger and Stansfield Turner; Poet Allen Ginsberg; former National Security Adviser McGeorge Bundy; and CIA nemesis Philip Agee...
...next three years, he was an associate professor of economics at Stanford before returning to Harvard in 1975. He was tenured in 1977, and the next year he won the Galbraith Award as best teacher in the Economics Department...
...Kennedy was of course, a brilliant politician and media manipulator. And he knew that he needed the support of liberal intellectuals, the core of the party, if he were to become president. So Kennedy curried the favor of academies like Arthur M. Schlesinger, Jr. '38 and John Kenneth Galbraith; their activist, anti-Communist stance began to weave its way into his campaing speeches. Kennedy gambled by casting himself as the civil rights candidate. With Lyndon Johnson as his running mate--to reassure Southern white voters--Kennedy slipped by in November with a plurality of 118.550 votes...
Under the influence of economists like Galbraith and Paul Samuelson '38, Kennedy, who was an "economic illiterate," came to accept and advocate Keynesian ideas of deficit spending and increased government control of the economy. In a contentious dispute with the steel industry in 1962, Kennedy come to the conclusion that businessmen were "sons of Bitches" and that he was going to implement Keynesian tax policies, which he figured would stimulate growth, "whether or not business thought it was good...
...doing business. He thought that his presence might intimidate people. He liked to get information orally, in small groups or one-to-one, or else in memos from those people he trusted and admired-his brother Bobby and Arthur M. Schlesinger Jr., for example, or John Kenneth Galbraith, whose elegantly intelligent reports he always enjoyed reading. Kennedy detested long, tiresome memos from the bureaucracy. He complained that the functionaries at the State Department were incapable of getting to the point, to the essence, in their reports...