Word: thinker
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...surely more than coincidence that the only functioning democracies are found in capitalist or mixed-economy states, while authoritarianism is firmly installed in every socialist country, with the exception of the social democracies. This has prompted deep self-searching by many socialists. Says Asoka Mehta, India's leading socialist thinker: "Socialism is an attractive goal, but concentration of power is as dangerous as concentration of capital." Oxford Research Fellow Leszek Kolakowski, a dedicated socialist who left Poland in 1968, says, "One cannot discuss the socialist idea today as if nothing has happened since the idea was born. [In Eastern Europe...
Sadat, the imaginative thinker, is a poor administrator who shuns details. Although he is tolerant of dissent, the President is impatient with staff work. "I don't want people to organize me," he says. He detests reading reports and prefers to have them delivered orally. Most letters from Jimmy Carter, for example, are read to him aloud by the U.S. Ambassador. Because there are so few able men around him, many of Sadat's own directives seem to melt away when they reach Egypt's swollen bureaucracy. The President keeps the important decisions secret; his ministers...
Radner plans to begin his research at Harvard with "a criticism of the textbook picture of economic man as a rational thinker," he said. Building on work of political scientist Herbert Sinon, Radner said he hopes to develop mathematical models of how people actually behave in complex economic situations...
...Great Depression provides the ideal jumping-off point for Galbraith's presentation of Keynesianism; this was the thinker's finest hour. In one of the best of the book's many historical foreshadowings, Galbraith describes Keynes's lonely stand in opposition to the reparations clauses of the treaty ending World War I. Keynes, with the clanvoyance that earned him a fortune speculating on foreign currencies, foresaw precisely how Europe would try to exact more reparations from Germany than the defeated nation could afford to pay, an impossibility that would lead to Germany's depressed hyper-inflation, and to Hitler. Keynes...
Galbraith's sappy praise for Keynes stands out all the more when contrasted with the light in which the author places almost every other thinker, businessman, and institution that crosses his path: dim. Wht saves The Age of Uncertainty from being a history text is the personal touch. Tour-guide Galbraith knows the landscape well, but so well that he can't resist editorializing about each sight. Few are spared as Galbraith talks about the Pentagon ("Were [the Crusades] under the auspices of the Pentagon, it would still be heard that, in the Holy Land, there was light...