Word: perfectibilitarian
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Dates: during 1960-1969
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...Perfectibilitarian (or Kennedy Democratic), which argues that the economy's ills "stem from bad policies of the last Administration and that now with new policies they will disappear...
Disagreeing with both the Puritans and Panglossians, McMahon dubs himself a "Modified Perfectibilitarian" who believes that U.S. consumer wants are far from sated-but that U.S. industry and Government have not paid sufficient attention to the shift in buying patterns away from durable goods. In McMahon's view, most economists still attach undue importance to the role of durables in the U.S. economy; the U.S. auto industry, for example, employs only 2% of the labor force, and consumer durables now take only 13½? of each consumer dollar...
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