Word: galbraithe
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Carfagna said he was "not really worried" about not finding a Class Day speaker because John Kenneth Galbraith, retiring Warburg Professor of Economics, will be speaking at the event in any case...
...next year for Stephen A. Marglin '59, Harvard's only tenured radical economist. Arthur MacEwan, who has been the other radical economist since Samuel Bowles and Herbert Gintis were shown the door in 1972, is leaving town. He too has been denied tenure. Even sympathetic liberals, like John Kenneth Galbraith and Wassily Leontief, seem an endangered species. So Marglin will be almost alone in his challenges to mainstream economics and, more than ever, he will seem the Economics Department's bright-boy-gone...
...when he returned to India in 1967, and saw his Indian students mindlessly mastering formula without understanding the context of their skills. "The question just had to hit you in the face," he recalls. "What did this have to do with the problems of Indian development?" He picked up Galbraith's The New Industrial State, and found many of his vague concerns about traditional economics and its deficiencies clearly stated. The seeds of discontent were sown. All he needed was hope for something...
Unfortunately, Marglin believes that alternative approaches to economics will remain scarce at Harvard. The tiny liberal caucus in the Economics Department, which sided with him in many of the battles over his departed fellow-radicals, is dwindling, Galbraith will be making movies for BBC next year, and Leontief, disgusted with the department, has announced his intentions to "vote with my feet" and is leaving for New York University. Albert O. Hirschman went to Princeton last year. Only Kenneth Arrow remains. With these resignations, Harvard has lost much of the variety in its economic thought...
...certain either, and look forward to The Crimson's investigative series on this key question. Still, Mr. Garin reports, "The rulers of American society allow the academic elite its measure of independence because scholars have generally aligned with the political and economic elite." But John Kenneth Galbraith wrote in 1971: "It was the universities . . . which led the opposition to the Vietnam War, which forced the retirement of President Johnson, which are forcing the pace of our present withdrawal from Vietnam, which are leading the battle against the great corporations on the issue of pollution, and which at the last congressional...