Word: keynesism
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This summer, the Administration proposed and helped draft legislation that would clamp a $250 billion ceiling on spending and grant Nixon wide latitude in making the necessary cuts to meet that limit. In part, Nixon was motivated by a genuine desire to rein in runaway expenditures. But he was also...
John Maynard Keynes called profits "the engine which drives enterprise." Millions of Americans depend on that engine to a great degree not only for their jobs but also for financial growth through profit-sharing funds, pension funds and dividend payments. Profits are used to enrich not merely a relatively few...
Sir: John Connally, Nixon's choice to negotiate the U.S. position in the most critical world monetary crisis in 40 years, is a man whose economic qualifications are the ability to add and unmitigated boorishness. God help us! Let us pray that another Keynes is waiting in the wings...
John Maynard Keynes wrote that economists should try to be regarded as "humble, competent people, on a level with dentists." Simon Kuznets, who was awarded the $90,000 tax-free Nobel Prize for economics last week, is notable both for his competence and for his humility. Russian-born Kuznets, 70...
With Lytton Strachey, Maynard Keynes and Leonard and Virginia Woolf, Forster was a part of the elite Bloomsbury Group, where the world of intellect perched to watch the world of men stagger and fall. Everyone called him Morgan, and of those that knew him, he was loved by most.