Word: galbraith
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European Economic Correspondent Friedel Ungeheuer, who reported foreign reaction to the U.S. monetary moves, studied economics at Harvard (Class of '56) under John Kenneth Galbraith. "After breaking his leg in a skiing accident," says Ungeheuer, "Galbraith regaled his students with an unsentimental view of human fallibility, reminding them that man's greed and short memory make monetary history eminently repeatable." Such lessons, notes Ungeheuer, "blessed us with that indispensable tool of economic journalism: magnificent hindsight." Last year, however, when reporting on the coming gold rush for TIME, Ungeheuer demonstrated the much rarer gift of economic foresight, predicting...
...stand for responsible unionism and will run for reelection despite the objections of J.K. Galbraith, who may well work for the opposition candidate," McBride said...
VANCOUVER, British Columbia--John Kenneth Galbraith, Warburg Professor of Economics Emeritus, said yesterday raising bank interest rates to control inflation are "one of the major economic mistakes of our time...
...Galbraith, who was in the Northwest to address a Washington State Bar Association convention, said higher borrowing costs do not affect the major causes of inflation--large corporations and unions...
...journals all have small circulat.ions, and none bulges with ads. But oh what readers! Each of the endorsers subscribes to the magazine he is hawking; however, not all were aware of the company that they would be keeping in the campaign. Yet at least one participant, Economist John Kenneth Galbraith, a fan of the liberal New York Review of Books, is unperturbed...