Word: serfdom
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...long as the corpse of the capitalist economy continues to exist." Thus declared Pitirim A. Sorokin, professor of Sociology, speaking last night together with Wassily W. Leontief, associate professor of Economics, and Abbott P. Usher '04, professor of Economics, on the topic "Is the planned economy 'the Road to Serfdom'?" at the first forum of the newly-organized Harvard Political Science Forum...
Following close on he heels of two seminars conducted here this past weekend by Friedrich A. Hayek, author of the currently-controversial book "The Road to Serfdom," the newly-organized, non-partisan Harvard Political Science Forum is presenting in its first meeting a three-way discussion on the question "Is a planned economy the 'Road to Serfdom...
This outbreak was exactly what President Velasco had tried to avoid. A leftist, he had, nevertheless, acted with moderation. He believed that Ecuador vitally needed reforms, especially on the great estates where the Indians (the bulk of the population) lived in virtual serfdom. But he knew that too-drastic reforms might provoke conservatives to open reaction. Last week the Assembly was still trying to agree on a constitution. But most Ecuadorians wished that it, too, would quietly go home, and leave to President Velasco the ticklish job of cleaning up Ecuador's economic system...
Merit Unrewarded. Not all good books of 1944 won the public they deserved. Friedrich A. Hayek's brilliant exposition of the perils of collectivism, The Road to Serfdom, Hans Kohn's timely historical study, Idea of Nationalism, and Swedish Economist Gunnar Myrdal's profound analysis of the U.S. Negro problem, An American Dilemma, won high critical praise but comparatively few readers. And much of the year's most intelligent poetry suffered the usual neglect: W. H. Auden's For the Time Being, E. E. Cummings' I X I, Robert Fitzgerald's A Wreath...
...borrowers have as enviable a record as the Walls. But not all farmers rescued by FSA from economic serfdom during the depression '30s were as able, enterprising or as hardworking. Even so the FSA record is good. In seven years FSA has granted $212 million of long-term farm ownership loans. Under set amortization and interest payment schedules farmers would have paid back $32.7 million by the close of the 1944 fiscal year. Actually the farmers have remitted $43.4 million. FSA Rural Rehabilitation loans (operating capital for low-income farmers unable to obtain commercial credit) have totaled $843 million...