Word: pendulums
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Second, I believe it is wrong to suggest that Harberger's market-oriented politics are obsolete. After the pendulum has swung from the "trickle-down" to "basic human needs," experience now suggests that poor people can suffer as much from excessive reliance on the one as on the other as an absolute in development strategy. It appears that neither equity nor growth can be assumed as an inevitable product of the other, that both must be explicity planned for in relation to one another, and that the Harbergers as well as the Galbraiths can contribute in striking that appropriate balance...
Pakistan is also an example of the danger that the pendulum could swing too far in the other direction. The U.S. could throw itself foursquare behind the military rule of President Mohammed Zia ul-Haq just before Zia came tumbling down-another client-dictator the U.S. would then have "lost...
...danger, though it seems remote at this time, is that the pendulum will swing too far in the opposite direction, that artists will become so altruistic in their desire to accommodate popular tastes that they will work exclusively in the styles of former masters. There can be only one Picasso; if, say, a whole new generation of artists were to work in his style, it would hardly guarantee better paintings. Likewise, Pippin and the other "concept musicals" of the '70s proved that the Rodgers and Hammerstein storybook musical is a creature of the past, an observation symbolically confirmed by Richard...
Today the pendulum is swinging back in favor of preaching. When search committees are scouting about for a minister to hire, the top things they are likely to look for are, as an old adage puts it, 1) Preaching. 2) Preaching. 3) Preaching. Right now there are around 200,000 Protestant preachers in America. Anyone presuming to choose the best would be guilty of the sin of pride, not to mention some shortage of charity and common sense. The following seven stars of the pulpit selected by TIME'S editors and correspondents across the country are at the very...
...restrictions and forbidding companies like Levi Strauss or Florsheim from setting minimum retail prices on their products, have benefited consumers. But the agency's excesses endanger its important consumer protection work. Says Republican David A. Clanton, one of the five FTC commissioners: "The trouble with the pendulum swinging the other way is that you knock out all the good stuff as well as chastising us where we need to be chastised." But when the final votes are taken on the various committee measures, Congress's antiregulatory mood is sure to result in a less powerful and less controversial...