Word: lating
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
That heresy shakes the almost reverential respect accorded by the profession to Britain's late John Maynard Keynes, the century's most influential economist. The belief of Keynes's disciples that governments often could manage economic affairs as efficiently and effectively as free markets themselves has been rejected by the accumulating research of the new economists...
Still undergraduates when Keynesianism was flourishing in the late 1950s and the 1960s, the new economists are now professors in their own right at universities around the country. Among them: Martin Feldstein, 39, of Harvard, who is the leading thinker in the group; Robert Lucas, 41, of the University of Chicago; Michael Boskin, 33, of Stanford; Rudiger Dornbusch, 37, and Stanley Fischer, 35, both of M.I.T.; as well as many, many others...
...factories and machines have become outmoded; its old industrial cities have become rundown; its work force has become less productive; real growth has swung low while demand has remained high. The nation is, in short, losing its economic edge in the world, and the hour is late?very late...
...reckoning came with Viet Nam. Lyndon Johnson's Keynesian economic advisers warned him not to finance both the war and his cherished Great Society programs without asking for a tax increase, but he refused to take the unpopular step until much too late. From 1965 to 1969, more than $42.5 billion in Government deficit spending flooded into the economy, which was already surging ahead at nearly full capacity. Result: inflation leaped from...
...connections to Pop look tenuous indeed. In this changed context, it is the figures and their mood, rather than their surrounding artifacts, that one notices first; and they connect to an older realist tradition, far from the self-consciousness and media-play of Pop. They resemble, as the late Mark Rothko once said, "walk-in Hoppers," sculptural equivalents to the world of that American master, with its nocturnal bars and waiting figures. Segal's tableaux have a flavor of the '30s-overlaid, now and then, with a sharp erotic curiosity. Instead of the irony...