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Some economists, in addition, scoff at the Kemp-Roth tax cuts as bad supply-side economics. In their view, the reductions in personal income taxes will pump up demand far more than they will encourage savings. Says Lester...

Author: /time Magazine | Title: The Biggest Challenge | 1/19/1981 | See Source »

...fact, Lewis had two stints at the Times. During his first tour of duty, he did not fare so well. Immediately after graduation from Harvard, he went to work for Lester Markel, the "tyrannical and brilliant" editor of the newspaper's "Review of the Week" section, book reviews, and Sunday magazine. Lewis eagerly began writing summaries of each week's major events, but he soon discovered he was not well-suited for the job: "I came from The Harvard Crimson to a job where I really should have known something about the world and the way people live...

Author: By James L. Cott, | Title: At Home On the Left | 1/5/1981 | See Source »

M.I.T. Economist Lester C. Thurow believes that this high inflation forecast may be too low. Said Thurow: "The risks are all on the down side. The economy could all too easily get some big new oil shock, for example. Or grain harvests might be disappointing and force up food prices. On the other hand, it is very hard to think about what piece of good news, might come along to make everything look better...

Author: /time Magazine | Title: Business: Outlook '81: Recession | 12/29/1980 | See Source »

...economic success of the Reagan Administration will depend on the continued support of the American public for an austerity program. Lester C. Thurow questioned whether voters would stick with such policies unless they quickly saw tangible results in the form of rising standards of living. He believes that the U.S.'s recent shift to economic conservatism may quickly evaporate. Said he: "The question is how long will the conservative era have to prove itself before the public kicks it out and tries something else. If the conservative policies cannot work relatively quickly, people will cease being conservatives...

Author: /time Magazine | Title: Business: Outlook '81: Recession | 12/29/1980 | See Source »

...members last week joined TIME'S Board of Economists. They are Martin S. Feldstein, 41, and Lester...

Author: /time Magazine | Title: Business: New Faces on the Board | 12/29/1980 | See Source »

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