Word: economisters
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...European players and taking their jobs. All for the sake of money. David Collinson Victoria, Canada Importing Knowledge Re your report on the Davos World Economic Forum [Jan. 31]: Those who defend economic globalization against the charge that it makes rich countries poor often refer to the reasoning of economist Jagdish Bhagwati and his colleagues. They maintain that it is not realistic to assume that globalization will take high-end jobs away from rich countries. Supporters of globalization say it is not probable that China or India will suddenly develop a huge number of workers with sophisticated and complex skills...
...favor of a legitimate peer review system, one which displays a genuine respect for authority. If, for example, there’s a dispute over the evolutionary development of women, shouldn’t we hasten to give more credit to a noted biologist than to an economist? And at any rate, shouldn’t either researcher be considered more worthy of trust than a 13 year-old doing a science fair project...
...Gaymard hopes, will stimulate economic growth that, at 2.3% in 2004, was below government estimates of 2.5%. Surprisingly, Gaymard is predicting the same for this year. "Given commodity prices like oil rising, we should count on lower growth next year, not higher," says David Naudé, senior euro-zone economist for Deutsche Bank in Paris, which forecasts 2% in 2005. Gaymard's other idea for encouraging growth: sparking consumer spending with his tax cuts. Sounds like supply-side thinking, American style. Merge or Purge? The consumer-products industry seems to be on a binge-purge cycle. After Procter & Gamble last...
After delivering a trenchant rebuttal of Friedman, Sandel set his sights on Summers, who was a prominent advocate for global integration as chief economist at the World Bank and later as Secretary of the Treasury. Sandel mercilessly mocked Summers’ now-famous aphorism: “In the history of the world, no one has ever washed a rented car.” Friedman has cited Summers’ quotation in four separate Times columns over the last two years...
...Though he thinks and speaks like an economist, every now and then he needs to get back down to the human level,” Jain said...