Word: keynesism
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"The guru of that day was Albert Marshall, who was the teacher of Keynes, the patron saint of liberal economics," Fogel said. "There weren't any liberals in those days, they were all conservatives."
DIED. Duncan Grant, 93. the last survivor and "court painter" of the celebrated Bloomsbury group of London-based intellectuals, which included Virginia Woolf and John Maynard Keynes; in Aldermaston, England. Greatly in demand as a decorator. Grant also designed for the stage and was a postimpressionist painter of some renown...
DIED. Sir Roy Harrod, 78, noted English economist, and disciple and definitive biographer (in 1951) of John Maynard Keynes; in Holt, Norfolk, England. A student of Keynes' at Cambridge, Harrod forged a brilliant career that encompassed teaching at Oxford University from 1921 to 1967 and serving on Sir Winston...
Economists today generally agree on one point: many of their old ideas do not work well in controlling that endemic modern problem, stagflation. A stiff dose of Government spending, prescribed by Britain's late Dr. John Maynard Keynes to cure depression, often leads to an inflation high. The monetarist medicine...
In a way, the most interesting of the Dulles family was Eleanor, an intelligent and independent woman forced to work all her life in her brothers' shadows. In 1926 her doctoral thesis at Radcliffe was published under the title The French Franc. John Maynard Keynes declared it "the best...