Word: keynesism
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"The economic story in the late '70s is a big story, if not the big story," says George Taber, who, as TIME'S Washington-based economics correspondent since 1977, may be somewhat partial to the subject. Even before he began work on this week's big story...
At one point Biographer Lytton Strachey wrote to Economist Maynard Keynes of his "adoration" for Painter Duncan Grant, little knowing that Keynes would soon make Grant his lover. Grant later lived with Painter Vanessa Bell; when she bore their child, the happy event was cheered not only by Keynes but...
John Maynard Keynes couldn't have put it better when he said, "In the long run we are all dead." But despite cold weather cramps, bursting blisters and thighs numb from 26.2 miles of cement, thousands of death-defying runners triumphantly crossed the Prudential Center finish line Monday.
California has not voted Democratic in a presidential election since LBJ, but it still weighs heavily in the nominating process. Despite Brown's gubernatorial popularity, one wonders who would carry its primary with Kennedy in the race--or if it would matter. Kennedy would wallop Brown and Carter so thoroughly...
For all practical purposes, the world has been off the gold-exchange standard for nearly eight years. When it comes to transactions among central banks, mankind's most treasured possession is supposed to have no more relevance than the Mongolian tughrik. So much for the official view of gold...