Word: galbraithe
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...boycott last week. At Harvard, a support committee consisting of students, tutors, and professors has been formed. So far, the committee includes Phillips Brooks House (Steering Committee), H-R Democratic Club (executive committee), Radcliffe Union of Students, Education for Action, the Task Force on Affirmative Action, Prof. John K. Galbraith and Robert Ginn (OCS-OCL). The Coop Board of Directors has agreed to discontinue purchase of Stevens products until the labor conflict is resolved. This Thursday, the Orson Welles Cinema will hold a benefit showing of Harlan County, U.S.A., a film about contemporary miners' struggles. All proceeds will...
...Uncertainty, Galbraith...
Keynes is the book's sentimental favorite. Galbraith himself was under the influence of the British economist's theories during the Roosevelt years. Keynesianism became Americanized and contributed to our prosperity by successfully arguing that the Government spend to create jobs. But even Keynes now appears obsolete. Federal priming of the economy may put more people to work, but it cannot curb the inflation to which full employment is a major contributor...
...Galbraith rarely lets ideologies obscure his view of the world. It is an ironic view in which the need for international trade makes all nations defacto capitalists, and some of the staunchest supporters of laissez-faire have not been too embarrassed to ask the government to bail them out of trouble. The book's title cannot be pushed too far. All ages have their unknowns and inconsistencies. If they did not, the author would find little on which to hone his wit-an effective weapon for getting at realities beneath the appearances. He notes, for example, that Adam Smith...
Nearing 70, Galbraith has seen many previously radical ideas become not only respectable but even stodgy. He confronts the world and its problems as a supremely rational man-and something of an entertainer. Recalling the biblical warning to the wealthy, he writes. "There is that terrible needle through which the affluent must be threaded before they can emerge in paradise. Accordingly, if you are either rich or a camel, you should, as a purely practical calculation, enjoy life now." Behind this elegant raillery, Galbraith maintains a cool, doctor-patient relationship with the world. The combination of wit and seriousness makes...