Word: friedmans
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Dates: during 2000-2009
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...while countries like China, South Korea and India are catching up fast. Unless things change, they will overtake us, and the breathtaking burst of discovery that has been driving our economy for the past half-century will be over. In his 2005 best seller, The World Is Flat, Thomas Friedman argues that globalization has collapsed the old hierarchy of economic engine-nations into a world where the ambitious everywhere can compete across borders against one another, and he identifies the science problem as a big part of that development. Borrowing a phrase from Shirley Ann Jackson, president of Rensselaer Polytechnic...
...himself seated next to China's Minister for Education. "She was asking for my autograph," he says, shaking his head. "It was totally topsy-turvy. Can you imagine in the U.S. the Secretary of Education fawning on a Nobel prizewinner? It just won't happen." In his book Thomas Friedman puts it another way: "In China today, Bill Gates is Britney Spears. In America today, Britney Spears is Britney Spears--and that is our problem...
...Counter seating will serve eat-and-run customers. Those looking to linger will find soft lighting and plush chairs. Mingling teens can cram tables together in a flexible seating area. "It's something [McDonald's] should have done years ago," says restaurant analyst Howard Penney of Friedman Billings Ramsey. The design suggests a certain coffee chain, but Penney says it could give McDonald's an edge over fast-food rivals...
...economist Adam Smith, Cowperthwaite reduced the government's role in the economic affairs of the then-British colony, eliminating tariffs, lowering income tax to a maximum of 15% and slashing bureaucratic red tape. Hong Kong flourished under this policy of what he called "positive non-intervention," leading economist Milton Friedman to hail him as the embodiment of laissez-faire economics. "I did very little," Cowperthwaite said of his part in Hong Kong's prosperity. "All I did was to try to prevent some of the things that might undo...
...have a name: libertarian.Libertarians more or less fall into two camps: consequentialists and deontologists. Consequentialist libertarians want a more limited government because they believe it will lead to better social conditions, such as a higher gross domestic product, more personal choice, and increased self-reliance. Many economists, like Milton Friedman and visiting professor of economics Jeffrey A. Miron—who teaches the popular course Economics 1017, “A Libertarian Perspective on Economics and Social Policy”—fit into this category.Deontological libertarians, often referred to somewhat ambiguously as “philosophical libertarians...