Word: economist
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Dates: during 1990-1999
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That, however, is a tough argument to sell to textile workers. The overall economic gains also come at the price of a modest but significant increase in wage inequality, since most of the competitive pressure is on pay for unskilled workers. George Borjas, an economist at Harvard's John F. Kennedy School of Government, figures foreign competition has accounted for one-fourth of the widening gap between the wages of high school dropouts and those paid to college graduates over the past 20 years...
...were recently honored to welcome sociologist William Julius Wilson to the Kennedy School of Government, and we are proud to roll out the red carpet once again. The Kennedy School has announced that it has tenured three more noted scholars: sociologist Christopher Jencks, anthropologist Katherine Newman and labor economist George Borjas...
Buchanan insists he's not an economic isolationist. He just wants to identify essential industries and protect them selectively, on the model of the import quotas that Ronald Reagan imposed on Japanese cars. But among economists, an otherwise squabbling breed, there's something like a consensus that for the great majority of American workers, free trade is a long-term boon that delivers better bargains on consumer goods and boosts demand for the products of America's fast-growing, high-wage export industries. More important factors in holding down wages are automation, sluggish growth in productivity and consumer demand...
WHERE DOES PATRICK BUCHANAN GET HIS ECOnomic ideas? When asked by TIME to name his gurus, he spoke admiringly of an obscure German economist named Wilhelm Ropke, who died in 1966. But Ropke would probably have mixed feelings about Buchanan's populism. The economist served on Germany's unemployment commission until Hitler took power in 1933 and fired him. Ropke went into exile in Switzerland but in the late 1940s served as a top adviser to Ludwig Erhard, architect of Germany's "economic miracle." Ropke warned of "the tendency for the increasingly centralized state of our times to surround like...
WASHINGTON, D.C.: Ending weeks of speculation, the White House announced that President Clinton will nominate Alan Greenspan to a third term as Federal Reserve Chairman. The President also chose White House budget director Alice Rivlin for the number two position at the Fed, and economist Laurence Meyer to fill the third vacant spot on the seven-member board. The choice to renominate the highly popular Greenspan was a difficult one for a President frustrated by Greenspan's refusal to lower interest rates for fear of causing runaway inflation. Clinton has pushed hard for a lowering of rates...