Word: keynesism
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Downed Magnum. In his 74 years, Nehru traveled an immense distance-from spoiled child to charismatic leader, from model English gentleman to Oriental father figure. Born in the northern Indian city of Allahabad, he belonged to a wealthy, Westernized family of the highest Brahmin class. When he was 15, the...
No Ready Answer. But the Presi dent's Council of Economic Advisers argues that no matter how high profits are, they are not adequate if they do not induce businessmen to invest in expansion programs. Other economists who agree take their reasoning out of Keynesian scripture. Lord Keynes once...
But John F. Kennedy's main contribution to business confidence has been his new attitude toward business. After his blunt attack on the steel industry last year, he has taken pains to avoid further offense, and pleased businessmen by his restraint in not interfering with the new price rise...
Outwardly, the fifty years between the Civil War and World War I were bountiful and serene in Cambridge. Capitalism worked without Keynes and destiny manifested itself in the right direction. How enviable it all seems! Indeed, perhaps it is envy that leads to the contemporary stereotype of James--James viewed...
Died. Sir Dennis Holme Robertson, 72, Cambridge professor of political economy from 1944 to 1957 and one of Britain's most respected academic economists, who, working with John Maynard Keynes in 1926, wrote Banking Policy and the Price Level, which initiated Keynesian economics by examining the function and effect...