Word: feldstein
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Martin S. Feldstein '61, professor of Economics, has informed President-elect Ronald Reagan's transition team that he will not take a position in the new administration...
Said he: "I think it is easy to talk yourself into the view that almost everything is uncontrollable, but I do not believe that." Among the areas where Feldstein said spending cuts could bring about substantial savings at minimal political cost: $3 billion in federal subsidies to airports, $7 billion in revenue sharing to states, and $5.5 billion in excessively generous payments for disabled workers, who would not have qualified for federal support under standards that prevailed as recently...
...members last week joined TIME'S Board of Economists. They are Martin S. Feldstein, 41, and Lester...
...native of New York City, Feldstein is a professor of economics at Harvard and president of the National Bureau of Economic Research, the official monitor of the American business cycle...
Frequently mentioned as a possible member of Republican Administrations, Feldstein is an advocate of less Government regulation of the private sector of the economy . A major focus of his research has been on the American Social Security system. He contends that the Government's retirement program has transferred vital investment capital into current consumption and thus hindered the long-term development of the economy...