Word: galbraith
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...John Kenneth Galbraith, Warburg Professor of Economics, outlined new issues for liberals to address, adding that their "marked failure in dealing with the oppressive problem of inflation" and of coping with the "great shift in the substantive character of the economy," notably the rise of influential great organizations like OPEC...
...Inflation causes a feeling among people that something has been taken away--nothing stirs that attitude like inflation," Galbraith said...
Citing economic woes as the principal cause of the center's disenchantment with liberal ideas, Galbraith said that liberals, "once having solved those economic problems, won't find other (traditional) liberal areas where there is any great demand for retreat...
...Galbraith noted liberals' "better tendency than conservatives to accommodate to circumstances," adding that "a large segment of conservatives value a romantic return to the 19th century" that the liberal consensus is likely to return once it finds solutions for economic problems, which he said are responsible for "the difficult travail of liberalism at the moment...
...England faces, sculpted by generations of farmers and teachers, Italian laborers and Irish domestics. They share a collective biography, and a geography that rolls over the Green Mountains and into Harvard Square. Their bodies are solid, their minds restless. They are the children, not only of Kennedy and Galbraith, but of William Sloane Coffin and Abbie Hoffman -of the activist '60s, when getting busted at a teach-in was a required course. Those were the great days, when seven of them piled into a friend's car heading south for an antiwar demonstration and got detained by some...