Word: lekachman
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Dates: during 1980-1989
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...constantly questioned and condemned ever since that absent-minded Scots professor Adam Smith, another revolutionary of 1776, enunciated its basic philosophy. But today's doubts are deeper and the assaults more virulent. They come not only from capitalism's old critics but from its longtime champions. Leftist Economist Robert Lekachman of the City University of New York declares: "The central economic fact of our day is the declining vitality and élan of capitalism and capitalists." And Chrysler Chairman Lee Iacocca also says: "Free enterprise has gone to hell...