Word: mclure
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...setting industrial policy. "Investments were being based on tax considerations," explains Egger. "Prices in real estate became of no concern. Tax benefits were being sold." Decisions in business, Egger points out, "should be based on economics, not on taxes." The overhaul proposed by Treasury, says Tax Scholar Charles McLure, who was a principal draftsman, is "a free-market manifesto." Ronald Reagan is a client...
Research associates may apply for grants through the bureau, or use the unrestricted contributions that companies and individuals give the NBER--"untied funds that we are able to move into an area without waiting for the gestation of a project," Charles E. McLure Jr., vice president of the NBER, explains. NBER publishes about 100 research papers a year. The bureau faced deficits in fiscal years 1975 and 1976 but, McLure adds, its endowment covered the loss. Feldstein has closed out fiscal '77 and '78 with surplusses...
...objective of bureau research is to provide information on the U.S. economy to policy-makers in the public and private sectors," McLure says. "Our prime interest is to communicate our results to people who use them. Naturally we don't mind them falling into the hands of people who think our projects are worth funding," he adds...
Certainly Harvard professors have engaged in a variety of areas of research. McLure cites five or six areas of study, although he says he "would guess that maybe half the professors are in capital formation...
...office space, resources and access to other economists. In addition, some say it may be easier to get grant money through the NBER than through an individual application. The bureau, in turn, has at its disposal young and outstanding economists. "Harvard has been very good in facilitating our operation," McLure says...