Word: galbraithe
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...Triumph, Galbraith...
...Triumph, Galbraith...
...This quite remarkable spring," says John Kenneth Galbraith, "will possibly go down as the most contentious since 1848. We are watching a worldwide revolutionary movement." Indeed, the seeds of dissent seem to be sprouting everywhere and almost simultaneously. West German students riot against a democratic coalition government while their Spanish counterparts make Francisco Franco's twilight years uneasy. Harold Wilson's government bobs precariously in a sea of discontent, while in parts of Africa the old tribalism engulfs the new nationalism. In Czechoslovakia, having overturned one of the most obdurate Stalinist regimes to survive in Eastern Europe, libertarian...
JUST about everybody seems to like the idea of subsidizing incomes. Republican Congressmen, Democratic Congressmen, economists ranging from Milton Friedman to John Kenneth Galbraith, and the Poor People have all proposed plans. So why is there no income subsidy...
Partly it's because different people want an income subsidy for different reasons; partly because they want very different kinds of subsidies. Friedman and the conservatives would like to enact a subsidy as an excuse for axing other welfare programs; while Galbraith and the liberals believe that the poor deserve a greater share of the nation's wealth, and want the government to step in and offset the effects of unequal opportunities...