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Galbraith on the Economies of Yesterday and Today.

Economist, writer and lecturer John Kenneth Galbraith. Galbraith, who served as an advisor to Presidents Roosevelt and Kennedy, is perhaps the most influential Keynesian economist. Under Roosevelt, he played a key role in formulating wartime economic policy. Under Kennedy, he helped formulate the liberal social policies that President Johnson pursued in the Great Society initiatives.


Homeless Families and "Welfare Hotels."

Author Jonathan Kozol. His new book, Rachel and Her Children, is about The Martinique Hotel, one of the largest welfare hotels in New York City. Kozol spent two years interviewing the families who lived there. Kozol's previous work has focused on inner city education and illiteracy.


The Doctrine of the Bottomline.

Lewis H. Lapham, Editor of Harper's Magazine. His new book, Money and Class in America, explores the worship of the dollar - what Lapham calls our "civil religion."


America's Growing Dependence on Foreign Investments.

New York Times reporter Martin Tolchin. His new book, Buying Into America: How Foreign Money Is Changing the Face of Our Nation, documents the massive infusion of foreign capital in America, and analyzes its ramifications. Written with his wife, professor Susan Tolchin, the book highlights America's growing dependence on foreign investments.


Connie Bruck Chronicles the King of Junk Bonds.

Financial writer Connie Bruck. Her first book, The Predators' Ball: The Junk Bond Raiders and the Man who Staked Them, is a profile of the controversial junk bond financier Michael Milken, and the junk bond department of the investment firm of Drexel Burnham Lambert. Milken's financing schemes, and Drexel Burnham's resources, have been the engine behind many of the hostile takeovers and mergers that have rocked Wall Street over the last six years. Bruck is a reporter for The American Lawyer magazine.


Industrial Relations Break Down, Steel Plants Close

Journalist John Hoerr's new book, And the Wolf Finally Came, looks at the collapse of the steel industry in the Monongahela River region. He points to the breakdown between union-management relations post-World War II as the central cause for the closing of plants throughout Pennsylvania.


Serving Appalachia

Father Ralph Beiting's ministry serves the poor of the Appalachian region, which he says was overlooked by the reforms and social programs of the 1960s. He links poverty to the degradation of family life. Despite the difficulties associated with his work, Beiting has fallen in love with the area and its people.


The Age of Declining Wages

MIT professor of political economy Bennett Harrison co-wrote The Great U-Turn with Barry Bluestone. The book explores how and why the United States is creating fewer full-time, well-paying jobs. He points to the deregulation of industry and the financial system as the primary culprit.

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