Word: keynesism
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These thrusts are as valid as the accolades. As a columnist, writing for a potential readership of some 20 million, Lippmann has a reach far short of his grasp. His work is literate but can also be obtuse, repetitious, and obscure. The reader is expected to know all about "the...
Back from three months in Africa, a pair of intrepid Britons reported in with the news that the good name of Physician-Explorer David Livingstone is still to be found in the Dark Continent. While tracing Livingstone's paddle up the sluggish Zambezi (made a century ago), Voyagers Quentin...
MUCH has been written-and much more said-about how the recession compares with the other two postwar business declines. Last week, studying a series of remarkable charts, economists and businessmen could prove what they had suspected: this recession is the shortest of all, and the one that sends into...
The dangers of inflation and a budget deficit have been exaggerated by the Administration, both professors feel. "Prosperity with a deficit is better than a recession without one," Smithies stated. Duesenberry cited Keynes in characterizing the Administration's cautions to management and labor as "warning a starving man about the...
But The Passionate Skeptic is a highly readable and enjoyable book, simply because it relates the life of an extraordinary contemporary who has constantly been in the thick of things, intellectual and political, for the past 87 years. There are personal glimpses of such luminaries as G. E. Moore, Wittgenstein...