Word: adaptive
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Dates: during 1980-1989
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With advice and prizes, a program encourages farmers to restore and adapt their barns, thus preserving the rural past and a uniquely American vernacular style...
Tutors also must help their pupils adapt to new perceptions of the United States...
That concern is echoed by resurgent Keynesian economists, who are trying to adapt their mostly liberal views to current conditions. Virtually counted out when inflation surged along with unemployment in the 1970s, the Keynesians now point out that Reagan borrowed from their philosophy in propelling his economic boom with deficit spending, which Keynesians have long advocated as a cure for slumps. "Keynesianism was vindicated by these last eight years," says Princeton economist Alan Blinder, a leading exponent of the school of thought. Blinder insists, however, that the deficits have got far out of hand...
...confirms this Soviet intuition in the current Foreign Affairs. The real cause of the decline of nations, he argues, is not the now fashionable notion of "imperial overstretch" but the phenomenon of creeping inflexibility, what might be called industrial sclerosis -- precisely the loss of that ability to change and adapt...
CLEARLY America's industrial base has eroded in recent years as the record Reagan budget deficits have drained private savings from badly-needed investment. Federal investment in civilian research and development has fallen 27 percent in real terms since 1981; America's failure to adapt and develop new technology has led to rapid declines in productivity. The United States has been borrowing abroad in record levels for the purpose of consumption, rather than investment...