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...economics profession, which for four decades was dominated by John Maynard Keynes' disciples, who stressed a strong stimulative role for the government in the economy, is now swinging away from state solutions. The new Rational Expectations school, led by the University of Chicago's Robert Lucas and the University of Minnesota's Thomas Sargent, emphasizes that government policy initiatives often do more harm than good, creating more inflation than economic growth. The hottest topic among Washington economists is the "supply side" theory. It maintains that Keynesian policies placed too much emphasis on stimulating consumer and business demand and paid...

Author: /time Magazine | Title: Business: Capitalism: Is It Working...? Of Course, but... | 4/21/1980 | See Source »

...past, some census takers have hesitated to venture deep into the crowded, big-city neighborhoods in which a significant portion of the minority population lives. According to Maynard Jackson, Atlanta's black mayor, his city has been "cheated out of $11.7 million in federal aid and almost 6,000 jobs" because of the 1970 undercount. Congressional experts estimate that each person overlooked by the census could cost a state as much as $200 in funds from Washington...

Author: /time Magazine | Title: Nation: Let the Great Head Count Begin | 3/31/1980 | See Source »

...overreact." Then Kennedy dismayed still other backers by attacking deposed Shah Mohammed Reza Pahlavi. To James Schroeder, 33, a hotel bellman in Fort Lauderdale, Fla., this was "dirty pool." Said he: "If anything, Kennedy should have attacked the militants. He should have supported the President." Complained Richard Maynard, 30, a high school social studies teacher in Philadelphia: "There was a move for national unity, and Kennedy wasn't in touch with that...

Author: /time Magazine | Title: Nation: He Wasn't in Touch | 2/25/1980 | See Source »

Wolf and school committee members Joseph Maynard, Sara Mae Berman and Donald Fantini met with about 50 East Cambridge students at the Kennedy Elementary School yesterday morning and agreed to transfer temporarily one teacher the students requested to the high school and add a "liason officer" from East Cambridge to the school staff...

Author: By William E. Mckibben, | Title: Rindge and Latin School To Reopen This Monday; Officials Increase Security | 1/11/1980 | See Source »

...failings of technology were exposed by the radioactive clouds rising from Three Mile Island, the flames spitting from the DC-10 that lost an engine over Chicago, the poisons seeping into the Love Canal. The frustrations of economic theory were revealed by the inability of the disciples of John Maynard Keynes, the British economist whose market-manipulating philosophies have dominated policymaking since the 1950s and 1960s, to deal with the stagflation realities of laggard growth, runaway prices and receding productivity in the post-industrial...

Author: /time Magazine | Title: Business: Now a Middling-Size Downturn | 12/31/1979 | See Source »

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