Word: money
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Dates: during 1960-1969
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...statement replied to two other SDS questions--whether Harvard would replace any lost ROTC scholarships, and whether Paine Hall demonstrators would have their scholarship money restored...
...compulsively punctual, and conform easily to various standards of dress, speech and behavior. The bureaucrat's subservience to his superiors must be combined with an intense competitiveness in his relations with his peers. And most importantly, the bureaucrat must be motivated primarily by his desire for a reward (money, status, prestige) which is external to the work process itself. Like the industrial worker, the bureaucrat is useless to his masters unless he is economically "rational". This means that he must be willing to work solely for money or for some other reward that can be controlled by his employers...
...insuring that students learn things that they need to know, and grades encourage students to learn these things. But if schools are primarily designed as teaching models of modern economic enterprises, then grades become the hard coin of the scholastic marketplace. Students learn to sell their labor for money by selling their labor for grades. Exactly as in an office or factory, the school encourages students not to think about the intrinsic pleasure or displeasure of the work that they are required to do, but to respond solely to the easily controllable incentive system provided by the authorities...
...academic year began quietly enough. The then President, Josiah Quincy, was starting a successful drive to secure money for a new building to house the Harvard Library, a project that was sorely needed by the College. The year previous President Andrew Jackson had come to Harvard, and the Corporation with some fuss, had bestowed an honorary degree on him. But this year the Corporation and the Board of Overseers seemed to be living in quiet harmony...
...record $2.3 billion of new taxes a year ago and subsequently put new restrictions on bank credit and installment purchases. All such restrictions reckoned without the canny determination of the British consumer, who ran up his personal debt and ran down his personal savings to get rid of his money before rising prices and taxes further reduced its value. Consumer spending, instead of declining 1.9% last year as the government had intended, rose by 1.2%. Wages also rose by 7% last year and prices by 6%, despite government efforts to control both. The government undermined its own wage-restraint policies...