There was the Missile Crisis, but one can't attribute to the [J.F.] Kennedy years anything like the problems that [Franklin] Roosevelt stood over and surmounted.
The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the economists of my generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.
We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.