Word: feldstein
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Even more disturbing than the termination of the radical sections was the way in which the decision to terminate them was made. In his first year of teaching Ec 10, Professor of Economics Martin S. Feldstein '61 decided to end the popular 10-year old sections without consulting the section leaders who do most of the actual touching in the course. While concerns for academic freedom usually support the right of professors to teach whatever they choose in their classes, the case in not so clear with...
...FELDSTEIN JUSTIFIED his move by claiming that introductory economics should concentrate on widely accepted mainstream views and that students should not be separated into ideologically specific groups. The professor's action appears to have been political, however, because he denied interested students the right to learn the radical critique along with the mainstream material. The presentation of alternative analytic frameworks in these sections not only gave students access to different economic viewpoints, but also helped them better understand mainstream neo-classical economics...
...excellent solution to the course's unique problems. Unlike other Harvard classes, Ec 10's day-to-day operations are handled by a central office. Head section leader Lawrence B. Lindsey provides administrative support for the course's 40 sections and frequently meets with students. In contrast, course head Feldstein's only contact with students is through his ocassional course wide lectures--he will give six this semester...
Harvard Professor Martin Feldstein, who was President Reagan's economic adviser between 1982 and 1984, said that a growing number of Congressmen seem willing to trim Social Security, despite the political risks. The lawmakers will certainly not cut the size of current benefits, but they might reduce future cost of living allowances (COLAs), which are payment increases linked to the inflation rate. One option, Feldstein suggested, would be to limit COLAs to the amount of inflation in excess of 3%. They would then be "diet COLAs," he quipped. If that strategy were adopted for Social Security and all other programs...
TIME's economists were divided on the prospects that Congress will take decisive action against the budget deficit. Heller said he was optimistic because "there is a deep fear and loathing of deficits on Capitol Hill." Feldstein agreed: "Congressmen fear that if the economy goes bad in 1986, and they haven't done anything about the deficit, they are going to be blamed." Greenspan was more skeptical. Said he: "There is a vast, overwhelming philosophical commitment to cut the budget, but when you get to specific votes on specific programs, it is going to be very difficult...