By Robert Penn Warren
"Winner of the Pulitzer Prize, Robert Penn Warren's story of ambition and gear set within the Depression–era South is extensively thought of the best novel ever written approximately American politics.
All the King's males lines the increase and fall of demagogue Willie Stark, a fictional personality loosely in response to Governor Huey ""Kingfish"" lengthy of Louisiana. Stark starts his political occupation as an idealistic guy of the folk yet quickly turns into corrupted by means of good fortune and stuck among desires of provider and an insatiable lust for strength, culminating in a singular that Sinclair Lewis said, at the book's unencumber in 1946, "one of our few nationwide galleries of character."
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Extra info for All the King's Men
By this he means two things: the economist’s positive theory of income distribution, namely the theory of marginal productivity; and the economist’s normative theory of distribution, that is, utilitarianism. Mankiw holds very different attitudes toward these two canons. First comes the positive theory. ” This precept becomes the basis of his whole ethical system. He admits that in the real world the assumptions of this classical model are sometimes violated. ” But Mankiw thinks these imperfections are relatively rare, at least compared to how liberals see things.
As a result, the central problem with marginal productivity theory that John Hicks recognized in the 1930s has never gone away: without the arbitrary assumption of freely differentiable production functions, wages and profits are not fixed by technologies and tastes. They are set by “something else” — something outside the competitive model. _ he second centr al flaw in main- T stream economics’ distribution theory is its assumption of full employment, or something like it. In the Marx-Keynes vision, aggregate demand and the resulting unemployment level are absolutely central to income distribution.
He spent countless hours working for party organizations, cultivating young Communists as a teacher in summer schools, serving as “chairman of the faculty of economics” for the party’s educational institute, and even helping to start a cpgb film company. Whatever the forum, he offered staunch defenses of the Soviet Union in general and Stalin in particular. But sometimes those forums included newspapers targeted at what hardliners dismissed as bourgeois audiences — a sin that, when combined with his academic day job, was enough to turn a sizable portion of the cpgb ’s hierarchy against him.
All the King's Men by Robert Penn Warren