Word: feldstein
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Cohen insisted that the letup would leave the economy in "a fine place for us to be," and her colleagues agreed. Demand is slowing from a "surge rate" to a "sustainable rate," says Martin Feldstein, president of the National Bureau of Economic Research and once head of Ronald Reagan's Council of Economic Advisers...
...reason: productivity. For more than two decades, through the mid-1990s, the output of goods and services per worker hour rose at a sluggish pace. But it is now riding what Feldstein calls a "rising wave." Productivity increased 5% last year, and is still accelerating through the slowdown; in the second quarter of this year it shot up at an annual rate of 5.7%. One result: though "tight labor markets are pushing up wages at a faster and faster clip," says Feldstein, unit labor costs--what employers pay out in wages and benefits for each pound of plastics produced...
Moreover, Feldstein expects productivity to continue to grow rapidly over the next several years. One reason is that companies are putting much more invested capital behind each worker these days. Also, "managers are managing differently." They are concentrating on cutting costs much more than in the past. Partly that is because they have been "scared by international competition." And stock options and other incentives push them to pare expenses as the best way to increase profits at a time when price increases run into stiff resistance...
...Ec10: Introduction to capitalism taught by G.O.P. guru Martin "Marty" S. Feldstein '61 and his legion of teaching fellow disciples. Usually the most popular class at Harvard...
Professors participating included Baker Professor of Economics Martin S. Feldstein '61, Kennedy School of Government Dean Joseph S. Nye Jr., Fletcher University Professor Cornel R. West '74, School of Public Health Dean Barry R. Bloom, and Harvard College Professor Michael J. Sandel...