Word: economisters
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...best intellectual case for this argument was made last year by Paul Samuelson, a Nobel prizewinner, a professor emeritus at M.I.T. and one of the most respected economists of all time. Samuelson took aim at the theoretical underpinning of globalization. For its proponents, globalization is the latest proof of the virtues of free trade, for which the case was first made in 1817 by the British economist David Ricardo. Ricardo argued that trade was always beneficial because it encourages nations to specialize in the products at which they are best and import those they are less good...
...essay??"The Class System of Catastrophe" [Jan. 10], economist Jeffrey D. Sachs argued that "what the rich world suffers as hardships the poor world often suffers as mass death." That says it all. The U.S. has, with its wealth and abundant resources, the ability to lead the world in reaching out to those far less fortunate. Instead, over the years we have chosen to put our resources into military spending and most recently into a war that has become an enormous money pit. Perhaps if we had used our resources more wisely over the years, we could have helped reduce...
...economist, President Summers should recognize the possibility of a self-fulfilling prophecy. Stocks that are predicted to fail often do, and a political candidate can be aided by polls that anticipate her victory. Similarly, if men are expected to outperform women in the sciences, then this belief may affect hiring practices, and men who land high profile jobs with large research budgets will likely outshine women who have fewer resources. At the university level, male science students may be increasingly prejudiced against their female peers when forming study groups, and women looking for their academic niches might be steered toward...
...maintains his office in Mass. Hall, he will never be considered just another professor. As the leader and spokesperson of this university, his comments—whether in public or private settings—are almost always taken as the thoughts of Harvard University President Lawrence H. Summers, not economist Lawrence H. Summers. The controversy prompted by his comments illustrates the reality that, when Summers offers his thoughts on contentious issues, his words are taken very seriously and will reflect the University as a whole...
Once Lawrence H. Summers was simply an economics professor. Like any other academic economist, he was trained to propose theories, examine the evidence and improve our understanding of human behavior...