Word: galbraithe
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Harvard's inspired speed skater, who hasn't seen one of his shots tickle the twines in quite some time, started the avalanche at 9:06 when he intercepted an errant clearing pass, put about 15 moves on goalie George Galbraith and fired. What looked to be a save was not, as the puck trickled past the goal line...
Harvard University's economics department has some 60 able faculty members, including two Nobel prizewinners and the ubiquitous John Kenneth Galbraith and John Dunlop, who is due to be named Secretary of Labor. This array of talent alone should make the department second to none. Apparently that is not the case. One of the Nobel laureate economics professors, Russian-born Wassily Leontief, 68, has announced that, after 44 years on the faculty, he will resign from Harvard this summer to teach at New York University. His reasons for departing: the department's curriculum is "too narrow" and theoretical...
...within the department were quick to point out that he may be leaving simply because he is approaching the mandatory retirement age of 70 and because N.Y.U. offered him more money. But other economics professors, including Fellow Nobel Winner Kenneth Arrow (who almost left for Stanford last year) and Galbraith (who plans to retire this summer), agree with Leontief that the department must broaden its view of contemporary problems. Indeed, Galbraith has noted "the obsolescence of neoclassical economic theory," the foundation of the department's curriculum. Some faculty members and graduate students also insist that the department ignores such...
...Galbraith, Switzerland and bonhomie...
Died. Seymour E. Harris, 77, economist and adviser to Presidents; in San Diego. Harris spent more than 40 years at Harvard, where, with Paul Samuelson, J.K. Galbraith and others, he became an early advocate of then controversial Keynesian economics. As adviser to Candidate Adlai Stevenson and Presidents John Kennedy and Lyndon Johnson, Harris acted on his belief that economists should grapple with public issues. "I spend a great deal of my time on public policy," he said proudly. "I am concerned with concrete solutions...