Word: samuelson
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Under the influence of economists like Galbraith and Paul Samuelson '38, Kennedy, who was an "economic illiterate," came to accept and advocate Keynesian ideas of deficit spending and increased government control of the economy. In a contentious dispute with the steel industry in 1962, Kennedy come to the conclusion that businessmen were "sons of Bitches" and that he was going to implement Keynesian tax policies, which he figured would stimulate growth, "whether or not business thought it was good...
...knowledge, free of institutional bureaucracy and the responsibility of teaching. Life is intellectually strenuous but not spartan; besides meeting for their casual, animated lunches, the scholars gather once a week to share sherry around a large table once owned by Oliver Wendell Holmes Sr. Distinguished alumni include Economist Paul Samuelson, Poet Richard Wilbur...
When you have uncles named Kenneth J. Arrow and Paul A. Samuelson, it must be pretty difficult not to go into economics. And so Lawrence H. Summers, a nephew of those two prominent contemporary economists and Nobel laureates, took the easy route...
...economists do not count these efforts among objectionable Harvard raids on their department. "You'd expect every university in the country to be after Samuelson and Solow," explains Brown...
...will take half a century for Harvard to recover from that anti-Semitism," Otto Eckstein. Warburg Professor of Economics, told Business Week recently. Part of that effort to recover has included regular tenure offers to Solow and Samuelson, reportedly including an offer of a University Professorship to Samuelson...