Word: galbraithe
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Some economists, while not defending these legislative and regulatory inflexibilities, contend that abolishing them would have only a token effect on the rate of inflation. Harvard's John Kenneth Galbraith, for one, argues that such proposals are "conventional pieties" that bear "no relation whatever to the problem of remedying inflation." Other economists contend that the best measure of the importance of the sacred cows is the zeal with which special-interest groups have fought to enshrine them in law and regulatory practice. Killing them now would cause real pain for some groups, but the nation's interest...
John Kenneth Galbraith, Warburg Professor of Economics, declined to comment on the non-market distribution of candy, sending word that he was busy with guests. "We have some Russians here," Emily Wilson, Galbraith's housekeeper, explained. "They've never seen trick-or-treaters...
...somebody to drive you around Harvard Yard while...ah...this is going on...you want to go see a memorial to Kissinger, or McGeorge Bundy or Schlesinger? They've got statues for all of them: Galbraith Park, Schlesinger Square...
...preliminary conferences leading to this week's summit on inflation, John Kenneth Galbraith looked over the 28 other economists who had gathered in the White House and quipped that the remedies for inflation would be about the same for "Bolsheviks and the devoted supporters of Ayn Rand, if there are any present." Then Alan Greenspan smiled and spoke up: "There's at least...
...quest for bipartisan support to curb raging inflation. He took the unusual step of holding an all-day, televised meeting at the White House with 28 noted economists. The group, which included six members of TIME'S Board of Economists, ranged from self-proclaimed "New Socialist" John Kenneth Galbraith to Hard-Line Conservative Milton Friedman. Whatever their ideology, what the President wanted was their "unvarnished" views on what to do about the sputtering economy...