Samuel Bowles
Description
Much popular belief, and public policy, rests on the idea that those born into poverty have it in their powers to escape. But the persistence of poverty and ever-growing economic inequality around the world has led to many economists to seriously question the model of individual economic self-determination when it comes to the poor. In this book, the contributors argue that there are many conditions that may trap individuals, groups, and whole economies...
Description
This festschrift, assembled to honor Galbraith's 80th birthday, is a mix of general think-pieces, theoretical analyses and personal tributes. The contributors, who include George Ball, Robert Lekachman, Paul Samuelson, and Wassily Leontief, reassess Galbraith's contribution to economics. Mary Kaldor argues that the Cold War no longer works and seeks alternatives to high levels of military spending. Leontief urges a second Marshall Plan, based on a...