Word: galbraithe
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Thorstein Veblen would have been proud last Saturday night when WGBH-TV, the Cambridge Public Broadcasting System affiliate, auctioned off the distinctive purple-and-gold 1976 Cadillac Eldorado convertible that the Harvard Lampoon last year awarded John Kenneth Galbraith, Warburg Professor of Economics Emeritus...
...Uncertainty, Galbraith...
Everyone, except the high priest of modern economics, Keynes, emerges sopping wet from their confrontations with Galbraith. So the question arises, just what are Galbraith's political persuasions? Cutting through all of Galbraith's sarcasm we find a fuzzy picture. On the crest of his wave of assault on the modern corporation Galbraith comes off as quite the socialist. To control the giant corporation, the author proposes a group of public auditors to replace the traditional board of directors, a la Nader; he even goes on to suggest that the government buy out each company's stockholders and have...
...lone area where Galbraith feels sure he is on sound ideological ground is when he asserts the universality of bourgeois, materialist values, resulting in the convergence of capitalist, communist, and developing nations towards one social and economic model. From the Coca-Cola bottling plant in the Soviet Union to socialized health care in Britain, in the growth of the massive production plant in capitalist and socialist nations, and in the uniformity of architectural styles in Moscow and New York, Galbraith finds convergence of culture. He takes heart in the development, presumably because of its implications for peaceful co-existence between...
...FORTUNATELY, CONVERGENCE IS one thing The Age of Uncertainty does not have. Besides expressing (frequently) his extreme dislike for nuclear war, Galbraith does little to synthesize his stray editorial comments. The book amounts to a diary of sorts, a wry personal narrative on economic thought and modern politics. Admittedly, Galbraith has the boldness and ability to step out of chronological sequence and tie together ideas and people in ways that make the process a little more understandable. But take the cover (glossy and liberally sprinkled with gold and silver) and the price ($15.95; to rise to $17.95 after the television...