TITLE

The Trouble With Economists

AUTHOR(S)
Galbraith, John Kenneth
PUB. DATE
January 1978
SOURCE
New Republic;1/14/78, Vol. 178 Issue 2, p15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Focuses on the role of economists in the economic policy formulation in the U.S., with reference to the Great Depression. Failure of the government to increase job opportunities to the unemployed, which rose to around a quarter of the labor force during the depression; Statement made by president of the New York Federal Reserve Bank, warning the effects of the failure of big New York banks; Effort made by the economists to control the deflation that, brought the wholesale price index down by more than a third.
ACCESSION #
11081112

 

Related Articles

  • Sunspots and Cycles: Comment. Noble, Nicholas R.; Fields, T. Windsor // Southern Economic Journal;Jul83, Vol. 50 Issue 1, p251 

    Determines the relationship between economic activity and solar processes in the U.S. Concept of Granger causality; Autoregressive structure of the sunspot equations; Correlation between gross national product and wholesale price.

  • The strange history of the Washington consensus. Williamson, John // Journal of Post Keynesian Economics;Winter2004/2005, Vol. 27 Issue 2, p195 

    The term "Washington Consensus" was originally used to describe a list often reforms that I argued were practically universally agreed in Washington to be desirable in most Latin American countries as of 1989. It acquired alternative meanings over the years, one of which was a summary of the...

  • THE PRINTING PRESS. Hanke, Steve H. // Forbes Asia;12/22/2008, Vol. 4 Issue 22, p38 

    The article reflects on the issue of deflation in the U.S. and hyperinflation in Zimbabwe. It opines that the U.S. producer price index sank by 2.8 percent in October 2008 and the bond market is pricing in deflation. It comments that the inflation rate in Zimbabwe passed 50 percent a month in...

  • Progress in structural reform.  // OECD Economic Surveys: Canada;Sep1999, p55 

    Focuses on the actions being taken by the Canadian government in using structural reforms to improve economic performance. Unemployment and related benefit systems; Means to improve labor force skills and competence; Important role of trade policy in the structural reform agenda.

  • ECONOMIC REVOLUTION IN THE SOVIET UNION. Goldman, Marshall I. // Foreign Affairs;Jan1967, Vol. 45 Issue 2, p319 

    This article focuses on economic reforms in the Soviet Union. By the early 1960's, the Soviet economy had become a very complicated mechanism and was in serious danger of self-strangulation. The central planners were finding it harder and harder to make efficient decisions without help from...

  • Panglossian Economics. Davis, Ann E. // Challenge (05775132);Nov/Dec2012, Vol. 55 Issue 6, p67 

    Economic theory is in crisis, though many mainstream economists deny it. But a wide range of heterodox critics are beginning to strike a nerve. Some advocate that the mainstream consensus must be broken down to allow pluralistic and competing views. But is this enough? Ann E. Davis summarizes...

  • Seeking a Political Solution to the Economy's Problems. Gans, Herbert J. // Challenge (05775132);Sep/Oct2014, Vol. 57 Issue 5, p53 

    The author admits that it is hard to imagine that his proposals to reform the economy and America's democracy will be implemented. But he does believe reformers are required to address the political possibilities of implementing their ideas, and how to do so. Here is his blueprint.

  • A Defense of the CEA As an Instrument for Giving Economic Policy Advice. Tollison, Robert D.; Willett, Thomas // Journal of Money, Credit & Banking (Ohio State University Press);Feb75, Vol. 7 Issue 1, p113 

    This article presents information related to the suggestion by economist Gordon Tullock in his report "A Modest Proposal," that a bipartisan council of economic experts representing the public and government areas of consensus in the U.S. could be formed that would present a more distinguished...

  • D. Domestic Perspectives.  // Survey of Current Business;Jan2004, Vol. 84 Issue 1, pD?2 

    Presents tabular representations of data on domestic perspectives from government agencies and private organizations in the U.S., as of January 2004. Consumer price index for all urban consumers; Producer price index; Labor force participation rates.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics