Word: keynesians
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...money has come in response to a pamphlet circulated recently by the Foundation, "Keynesism-Marxism at Harvard" which charges that "the teaching of Economics has been abandoned at Harvard, and a political-Marxian-Keynesian-socialist propaganda has been substituted...
...major portion of the pamphlet is devoted to attacking Keynesian theory as un-American and totalitarian. "Even a cursory analysis reveals that Keynesism is not an economic science, but is a political credo which in its main essentials coincides with the communist teachings of Karl Marx." It specifically contends that "Keynesians attack the principle of individual thrift and personal savings" in order to undermine American initiative and freedom...
...fountain-head of Keynesian socialism in America has been, and still is, Harvard University," the Foundation claims, adding that its center within the University lies in the Economics Department...
...Crane Brinton '19, McLean Professor of Ancient and Modern History, supported Kennedy along with Galbraith and three others. Brinton framed the major issue of the times as: "orthodox or 'classical' economics, and what I'll call Keynesian or Galbraithian economics: . . . whether we are to let our present methods of production and distribution produce the kind of consumers' goods that annoy the intellectuals, or whether we will tamper politically so as to produce education, housing, hospitals, public transportation, which people ought to want...
...elsewhere, which allows "subversives" to slip unnoticed into the Faculty, and which permits smug and "fuzzy-minded" liberalism to stand unchallenged within the academic community. Few deny the validity of their second criticism. Among most university faculties (and especially at Harvard) there is a certain devotion--often unquestioning--to Keynesian economics and the Democratic party, which, though hardly "subversive," shows an unhealthy onesidedness. Perhaps well-qualified and articulate spokesmen of the conservative position are hard to come by, but it is unfortunate that Harvard's faculty ranks do not include more voices to challenge those of Seymour Harris and Arthur...