Word: maynards
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From John Stuart Mill to John Maynard Keynes, economists, as well as authors and politicians, have cherished such a Utopian vision of the abundant life. The millennium, it was always assumed, would arrive when full employment combined with high productivity to supply mankind with everything it needed, as well as the leisure time to enjoy it. If any problem existed, it would be finding enough to do. But things are not working out that way. So, at least, argues Staffan Burenstam Linder, 38, a professor at the Stockholm School of Economics who has taught at Yale and Columbia. He states...
...John Maynard Keynes pronounced, in copybook style: "The engine which drives Enterprise is not Thrift but Profit." He might also have pointed out that profits revolve in a self-regenerating cycle, providing the impetus for new and expanded ventures, which in turn crank out more profits. When earnings are high, employers can afford to be generous with pay raises. Profits are also the major force that sends the stock market up-or, in their absence, down. And the market's performance has much to do with the hopes and disappointments of the 26 million Americans who own stock...
...Maynard Shapiro, made it clear that no G.P. will get the exalted rank with out earning it. There will be no grand father clause for automatic certification of present members. Each G.P. will have to put in at least 300 hours of ac credited postgraduate study to earn...
...ridicule as respect. A monetary theorist, the bald and somewhat cherubic University of Chicago professor maintains that the U.S. and many other major nations mismanage their economies. They do so, he argues, by manipulating taxes, federal spending and money supply-techniques that were formulated by Britain's John Maynard Keynes. "Keynesian economics doesn't work," says Friedman. "But nothing is harder for men than to face facts that threaten to undermine strongly held beliefs...
...Rugby. By the time Lytton reached Cambridge in 1899, he was a distinct oddity-a gangly, shrill-voiced, germ-ridden, manic-depressive esthete, caustic as lye except when caught in the eternally adolescent marshmallow bogs of homosexual passion. "Duncan Grant is the full moon of heaven," he wrote to Maynard Keynes, who was one of his earliest friends and confidants. In fact, Keynes was something more. Holroyd discloses that like Strachey, Keynes was a homosexual and a frequent rival for the affections of winsome young men; it was a proclivity that did not affect Keynes's later standing...