A Tenured Professor

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Houghton Mifflin Harcourt, 2001 - 208 páginas
Galbraith takes on fellow economists with a novel about a tenured Harvard professor whose "Index of Irrational Expectations" brings him scads of money via pessimistic stock-market investments. With his feminist-economist wife and his partner, Montgomery Marvin funnels his riches back into the economy to do good. The couple work for peace and fiscal equality, starting with divesting Harvard of its prickly South African investments. Soon they are purchasing corporations, sponsoring female chief executive officers, and dismantling the lobbying traditions of Congress by counter-equalizing contributions. With his investment tactics well within the law and intended to combat the forces of evil, Marvin seems difficult to stop, though the Feds find a way

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Contenido

THE LONG TABLE
1
DISCLOSURE
14
THE CULTURE OF SUBVERSION I
23
THE CULTURE OF SUBVERSION II
36
CALIFORNIA INTERLUDE
48
THE TEXAS TEST
60
MONEY
72
CORRECTION
83
PPW
103
THE RESCUE
113
LET THERE BE PEACE
125
THE PRCs
140
THE HEARING
152
THE TAKEOVER
164
THE RECKONING
175
THE TURN
186

INTERLUDE
94

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John Kenneth Galbraith is a Canadian-born American economist who is perhaps the most widely read economist in the world. He taught at Harvard from 1934-1939 and then again from 1949-1975. An adviser to President John F. Kennedy, he served from 1961 to 1963 as U.S. ambassador to India. His style and wit in writing and his frequent media appearances have contributed greatly to his fame as an economist. Galbraith believes that it is not sufficient for government to manage the level of effective demand; government must manage the market itself. Galbraith stated in American Capitalism (1952) that the market is far from competitive, and governments and labor unions must serve as "countervailing power." He believes that ultimately "producer sovereignty" takes the place of consumer sovereignty and the producer - not the consumer - becomes ruler of the marketplace.

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