Word: keyneses
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The present system has three almost irremedial faults: 1) the threat that Europeans will cash in their dollars for gold can be used as blackmail against the U.S. to achieve political ends; 2) since the dollars that have drained abroad are being used increasingly by foreigners to finance their trade...
Finley termed Giles Constable '50, Associate professor of History, who favors making Gen Ed courses voluntary, an "Engine Charlie Wilson, an Adam Smith in the time of Keynes. He wants to pass a right-to-work law when what we need is a stronger Wagner Act."
Died. Clive Bell, 83, British art critic and charter member of London's once celebrated Bloomsbury Group of intellectuals (others: John Maynard Keynes, E. M. Forster, and Bell's sister-in-law Virginia Woolf), a vociferous champion of such post impressionists as Cézanne, Van Gogh and...
Sir: Re your comment that "economists collectively have far more influence than Keynes & Co. could ever have dreamed of [June 26]," Lord Keynes stated in 1935: "The ideas of economists and political philosophers are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men...
"Yesterday's economists were often wrong," says Alexander Cairncross, the prime economic adviser to the British government, "but there was seldom enough statistical material to prove them so at once." Statistics that once took months to compile are now served up in days, or sometimes minutes, by computers. Economists...