Word: galbraith
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...John Kenneth Galbraith, Paul M. Warburg Professor of Economics, delivered his first major address on the war in Vietnam last week at "Negotiations Now: A National Citizens Campaign to End the War in Vietnam," in Washington...
This is not all bad to Galbraith, who has the economist's frequent bias in favor of planning and government involvement, and who would like to see more of both applied to such challenges as urban blight and health care. He is also greatly alarmed that the U.S. and other industrial societies are falling into a "comfortable servitude" by overemphasizing the quantity of production at the expense of the quality of life...
Spoon-Fed & Nose-Led. Galbraith certainly has his points. But many of them are neither original nor entirely valid. He mints a bright aphorism here and there. "Men who believe themselves deeply engaged in private thought are usually doing nothing," he writes. And again: "One should always cherish his critics and protect them where possible from foolish error." But his writing is too often didactic and his logic oversimplified...
...year than ever before), and overlooks the fact that an energetic free market rejects thousands of new products every year, despite all the elaborate plans of groupthinkers. The ornery and unpredictable consumer is not quite as easily spoon-fed or nose-led by Madison Avenue or the technostructure as Galbraith suggests...
Most surprising is Galbraith's disenchantment with industrial growth, which, after all, is not an end but a means. Only by growth can the world's economies produce the chemicals and machines to alleviate hunger, the materials to provide adequate housing for all, and the means by which people can earn more to spend on leisure, culture, travel, medicine-and books by economists...