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LessonOneHowtoGetthePooroffOurConscienceJohnKennethGalbraithGroup11.JohnKennethGalbraithLifeWorksAchievement2.John.M.KeynesandKeynesianeconomicsin1930s3.Reagan'seconomics4.Gini-CoefficientGroup24.SocialDarwinism5.Supply-sideeconomics6.NIT7.MiltonFriedman8.AdamSmithDavidRicardoJohnD.RecketfellerJohnKennethGalbraith•Born:October15,1908Died:April29,2006(aged97)•ACanadian-Americaneconomist•AKeynesian(凯恩斯主义者)aninstitutionalist(经济思想史上的制度学派)Earlylifeandteaching:1934•Ph.DinagriculturaleconomicsfromtheUniversityofCalifornia,Berkeley.•BecameatutoratHarvardUniversity1937•Ayear-longfellowshipattheUniversityofCambridge(wherehewasinfluencedbyJohnMaynardKeynes)1939-1940•TaughtatPrincetonUniversity1949•AppointedprofessorofeconomicsatHarvard•ServedasdeputyheadoftheOfficeofPriceAdministration•workedforFortuneMagazinefor5yearswhereheexpounded(详细说明)KeynesianismtotheAmericanbusinessleadershipDuringWorldWarII•1961-1963AsanadvisertoPresidentJohnF.Kennedy,GalbraithwasappointedUnitedStatesAmbassadortoIndia•1972ServedaspresidentoftheAmericanEconomicAssociation•2006DiedinCambridgeWorksAlthoughhewasapresidentoftheAmericanEconomicAssociation,Galbraithwasconsideredaniconoclast(打破旧习的人)bymanyeconomists•1977TheAgeofUncertaintyforBBCtelevision•Hundredsofessaysandanumberofnovels:Amonghisnovels,ATenuredProfessorachievedparticularcriticalacclaim.SomeofKenneth'sfamouseconomicsbooks•1952AmericanCapitalism:TheConceptofCountervailingPower•1954BestsellerTheGreatCrash,1929•1958TheAffluentSociety•1973EconomicsandthePublicPurpose•1994AShortHistoryofFinancialEuphoriaHonors•1985TheAmericanHumanistAssociationnamedhimtheHumanistoftheYear•1993LomonosovGoldMedal•1997OrderofCanada(Officer)•2000AwardedtheU.S.PresidentialMedalofFreedom•2001PadmaVibhushan(India)JohnM.Keynes•JohnMaynardKeynes(5June1883–21April1946)•ABritisheconomistwhoseideashaveprofoundlyaffectedthetheoryandpracticeofmodernmacroeconomicsandtheeconomicpoliciesofgovernments.Economictheoryin1930s(becauseoftheGreatDepression)TheGeneralTheoryofEmployment,InterestandMoney•Thecentralargument:thelevelofemploymentisdetermined,notbythepriceoflabourasinneoclassical(新古典主义的)economics,butbythespendingofmoney(aggregatedemand总需求)•under-employmentandunder-investmentarelikelytobethenaturalstateunlessactivemeasuresaretaken•activisteconomicpolicybygovernmenttostimulatedemandintimesofhighunemployment,forexamplebyspendingonpublicworks.TheGeneralTheoryisoftenviewedasthefoundationofmodernmacroeconomicsGini-coefficient基尼系数•Ameasureofstatisticaldispersion(离差)developedbytheItalianstatisticianandsociologistCorradoGini•Aninternationallyrecognisedmeasureusuallyonlyappliedtothewealthofcountries•Theinequalityamongvaluesofafrequencydistribution(forexamplelevelsofincomeorwealth)SocialDarwinism社会达尔文主义•Atheorythatpersons,groups,andracesaresubjecttothesamelawsofnaturalselectionasCharlesDarwinhadproposedforplantsandanimalsinnature..SocialDarwinism•SocialDarwinists,heldthatthelifeofhumansinsocietywasastruggleforexistenceruledbysurvivalofthefittest(适者生存)•Thetheorywasusedfromthelate19thcenturytosupportlaissez-faire(放任政策)capitalismandpoliticalconservatism(保守主义)•SocialDarwinismdeclinedasscientificknowledgeexpandedSupply-sideeconomic供应经济学•Supply-sideeconomicsisaschoolofmacroeconomic(整体经济)thought•Economicgrowthcanbemosteffectivelycreatedbyloweringbarriersforpeopletoproduce(supply)goodsandservices,suchasloweringincometaxandcapitalgainstaxrates,andbyallowinggreaterflexibilitybyreducingregulation.Supply-sideeconomic•Accordingtosupply-sideeconomics,consumerswillthenbenefitfromagreatersupplyofgoodsandservicesatlowerprices.Negativeincometax(NIT)负所得税•Ineconomics,anegativeincometaxisaprogressiveincometaxsystemwherepeopleearningbelowacertainamountreceivesupplementalpayfromthegovernmentinsteadofpayingtaxestothegovernment.Negativeincometax•DevelopedbyBritishpoliticianJulietRhysWilliamsinthe1940s•LatertheUnitedStateseconomistMiltonFriedmancombinedNITwithhisflattax(统一税)proposals.NegativeincometaxThemaindrawback(不利条件)•TheNITmightreducetheincentive(动机)towork,sincerecipientsoftheNITwouldreceiveaguaranteedminimumwageequaltothegovernmentpaymentintheabsenceofemployment•Itrequiresconsiderablereportingandsupervision(监督)inordertoavoidfraud(诡计)MiltonFriedman米尔顿弗里德曼•AnAmericaneconomist,statistician(统计学家)andauthorwhowriteCapitalismandFreedomin1962•Hispoliticalphilosophyemphasizestheadvantageoffreemarketeconomyandagainstthegovernment’sintervention(介入).•TheimportantpointofFriedman’stheory:Adhere(拥护)totheeconomicfreedomMiltonFriedmanHonorsandawards•1951JohnBatesClarkMedal•1976theNobelMemorialPrizeinEconomicSciences•1988PresidentialMedalofScienceMiltonFriedmanMiltonFriedman'sideasconcerningmonetary(货币的)policy,taxation,privatization(私有化)andderegulation(撤销管制规定)influencedgovernmentpolicies,especiallyduringthe1980s.ItinfluencedtheFederalReserve'sresponsetotheglobalfinancialcrisisAdamSmith(亚当斯密)•BorninScotland.•Oneofthose18thcenturyScottishmoralphilosopherswhoseimpulsesledtoourmoderndaytheories•Hisworkmarksthebreakthroughofanevolutionaryapproachwhichhasprogressivelydispla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