Word: socialism
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Dates: during 1970-1979
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...While faculty with graduate degrees in economics are the single largest group in the department they represent about one third of the total number. The faculty also includes men and women with training in planning, geography, law, public policy, political science, English, sociology, engineering, public administration, education, business, and social ethics. Regardless of their disciplinary background, moreover, faculty have made meaningful contributions to planning practice and scholarship...
...refer to this production focus as narrow precisely because it ignores the social reality of hunger--the problem of releasing the vast untapped human potential of local people developing local resources and skills. Reducing the problem of agriculture to one simply of production increasingly divorces agricultural progress from basic rural development. Such a mirage of rural development undercuts the interests of those within the rural community in order to serve those outside--landowning elites, moneylenders, industrialists, bureaucrats, and foreign investors...
...characterized the economic growth of the past fifty years. Our inability to face this issue is reminiscent of the decline of other empires in history, he said. The solution is fiscal responsibility, which will induce investment and further technological progress. It will also make possible a continuation of social programs. The Governor revered the memory of Kennedy (John, that is) by stating his belief that an expanding pie has slices for all. Simple, conservative--and wrong, from several points of view...
...sense for other reasons. It is highly possible that the principal effect of a balanced budget--a recession of aggregate demand--would serve only to decrease investment in the U.S., as recessions historically do, without lowering the world or domestic rate of inflation permanently or appreciably. Any decline in social services for education is also a decrease in investment in human capital. The further deterioration of the established cities of the northeast will bring economic costs in policing, replacing, or repairing them, to say nothing of the potential waste in people or physical plant. Cities are the focal points...
...thoroughly from New Hampshire to Minnesota and all points in between, a thrashing which might actually convince liberals that their cause is not dead, that there still are more workers and do-gooders than bosses, and that it's not necessarily ignorant to still believe in John Maynard Keynes, social welfare, and the amazing survivability of American corporate profits. It might even convince the Republicans that an anachronism like Ronald Reagan...