Word: poterba
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Dates: during 2000-2009
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Veteran Harvard economist Martin S. Feldstein—who is stepping down after nearly three decades at the helm of the National Bureau of Economic Research—will be succeeded by James M. Poterba ’80, the current chairman of the MIT economics department...
...87.Concerned with the government’s equitable and efficient distribution and redistribution of resources through taxation and spending, “he transformed the whole way people thought about public economics,” said one of Musgrave’s former students, James M. Poterba ’80, who now chairs the economics department at MIT.Born in 1910 in Germany, Musgrave, who received a Ph.D in political economy from Harvard, taught here from 1937 until 1941, when he left for a post at the Federal Reserve.After various teaching stints, including at Princeton, Musgrave returned to Harvard...
...worry: the proposal won't get past the blueprints soon. "We all realize the home-mortgage deduction is near and dear to the taxpayer," says James Poterba, an economist at M.I.T. who was on the panel. "But whenever we get to the moment of truth, Congress and the President are going to have to look at it. We believe we've provided important guidelines." In fact, the debate may have another, hidden benefit. If it stirs concern, maybe we'll start to rethink our move-up plans, put our money someplace more productive--and gently...