Word: lekachman
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Dates: during 1980-1989
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...failure of Reaganomics has reduced its official proponents to pleading feebly that the supply-side program needs to be given a chance. But in a timely and trenchant new book. Greed Is Not Enough: Reaganomics. CCNY economist Robert Lekachman slows that the Presidents program has already done harm enough to the American economy. With devastating wit and pungency. Lekachman provides a handbook of common sense and technical arguments to bolster the faith of anyone who has sensed all along that Reagan is crazy...
...addition, Lekachman provides some thought provoking suggestions for leftist alternatives to Reaganomics. But more important, Lekachman's book is so well argued that he could well persuade been middle-of-the-road readers who aren't predisposed to agree with...
...LEKACHMAN takes a separate chapter to pick apart each of four key aspects of the Reagan program. The President's tax cut package, he argues, clearly benefits the rich: When recent payroll tax increases are figured in, the Reagan cuts actually produce a net tax increase for families earning $10,000 or less. Moreover, this upward redistribution of wealth comes with no guarantees that the rich will use their windfall to invest in productivity-enhancing ventures. Rather Lekachman shows that new depreciation tax rules create more tax shelters and huge new incentives for speculation in real estate and commodities...
...Harvard Conservative Club sponsored the debate, which featured Buckley, Galbraith, Bleiburg, Laffer, Robert Lekachman, an economist from Columbia University, and four Harvard students.CrimsonTimothy W. PlassWILLIAM F. BUCKLEY's [left] "conservative black" suit and JOHN KENNETH GALBRAITH's [right] "pale grey liberal" suit set the tone for last night's debate at Sanders Theater of the Reagan administration's economic policies. JOHN OAKES [center], former editorial page editor of The New York Times, looks...
...General, William French Smith, asserted that "bigness is not necessarily badness," merger makers saw his words as a green light to corporate takeovers. If the present torrid pace of acquisitions continues, U.S. companies could spend $70 billion this year to absorb more than 2,000 other firms. Says Robert Lekachman, professor of economics at New York's Lehman College: "The Reagan Administration has unleashed the wildest collection of mergers and takeover events since Napoleon conquered most of Europe...