Word: lucases
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Still undergraduates when Keynesianism was flourishing in the late 1950s and the 1960s, the new economists are now professors in their own right at universities around the country. Among them: Martin Feldstein, 39, of Harvard, who is the leading thinker in the group; Robert Lucas, 41, of the University of...
ROBERT LUCAS, 41. The "rational expectations" economists hold that short-term policy jiggering cannot outsmart human ingenuity, or, you can't fool all the people even some of the time. One principal in this school is Lucas of the University of Chicago. Says he: "The real amount of goods...
Lucas proposes that the Government adopt only firm, long-term policies upon which rational expectations can be based. Says he: "Ideally, we should announce a monetary expansion policy of 4% annually for the next seven years and then stick to it. People would respond, and inflation would be cured with...
Since 1966 at least 40,000 people have been murdered in clashes between the government and its critics. Since the killing of Manuel Colom Argueta, one of the opposition's most charismatic figures, many democratic opponents of the regime of President Romeo Lucas García have thrown in...
PTST, which distributes 200,000 monthly study guides to such serious TV productions as Eleanor and Franklin, Masterpiece Theater and Between the Wars, set out two years ago to transmute even the most mindless network shows into learning aids. The first piece of alchemy was making cops-and-robbers shows...