Word: notional
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Dates: during 1970-1979
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...group represents what might be termed the rubber band school of economics?what the profession itself calls "elasticity." The sensible notion is that people respond to the specific incentives of price and supply and that, given the right incentives, the market itself is better equipped than the Government to bring about lower prices and more supplies of what people want and need...
...that the Government is trying to do too many things that it either cannot do efficiently or that people can do better for themselves. That, of course, is a direct affront to Keynesian doctrine. Beginning in the mid-1930s, Establishment pillars of the dismal science have propagated Keynes' captivating notion that governments could tame beastly economies, making them stand up and jump through hoops. His prescription succeeded in lifting Western countries out of the 1930s Depression that had been triggered by an almost complete collapse in demand both in the U.S. and in Europe. Keynes' idea was simple enough...
...Middle East remained unsettled: the fate of the Palestinian people. The Arab states basically favor an independent sovereign state for the Palestinians in the West Bank and Gaza, a home both for Palestinians already living there and for millions now in the diaspora. The Israelis, appalled at the notion of a hostile state, perhaps run by Yasser Arafat's Palestine Liberation Organization, on Israel's very border, are determined that, whatever happens, the Palestinian "entity" shall not be wholly independent and shall not control its own security-or be able to threaten Israel...
Fellini's crucial error is his movie's governing conceit. Rehearsal is built on a single, restrictive metaphor: the notion that a symphony orchestra can stand as a paradigm of society as a whole. Set entirely in a lovely 13th century oratory, the film ostensibly describes the rehearsal of an unnamed piece by the late film composer Nino Rota. But very quickly Fellini bends his dramatic situation into a cautionary tale about the dangers of anarchy. The musicians begin by goofing off and refusing to play together; then they break into open, violent revolt against their German conductor...
...traces the record back to the Duke's childhood as the pampered son of a stern Hartford physician. "An old and sad story began to unwind," he reports, "of love's shortcut through stuff." Early on, the Duke absorbed the notion that goals could be reached without the bother of achievement. Similarly, inconvenient truths could be wished away. Jewish was not the thing to be in the yacht-club world the Duke aspired to, so he simply erased this fact about himself; he never told his sons about their heritage...