Word: samuelson
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Junior midfielder Jake Samuelson fed freshman attackman Zach Widbin the ball, who then fired an underhanded shot to the far-side for Harvard’s third goal of the game, closing...
...best intellectual case for this argument was made last year by Paul Samuelson, a Nobel prizewinner, a professor emeritus at M.I.T. and one of the most respected economists of all time. Samuelson took aim at the theoretical underpinning of globalization. For its proponents, globalization is the latest proof of the virtues of free trade, for which the case was first made in 1817 by the British economist David Ricardo. Ricardo argued that trade was always beneficial because it encourages nations to specialize in the products at which they are best and import those they are less good...
DIED. ROBERT HEILBRONER, 85, refreshingly accessible economics historian whose 1953 book, The Worldly Philosophers, remains the country's second best-selling economics textbook (after Paul Samuelson's Economics); in New York City. In some 20 books, he brought to life the ideas of such thinkers as Adam Smith, Karl Marx and John Maynard Keynes, emphasizing that economics needed to be examined in a global context. "I'm really not an economist," he said. "I bring an economic point of view to social and political problems...
BAUMOL: Trade policy is not the way to deal with unemployment. But you are right, the bargaining power of U.S. workers and the U.S. worker's wage is very heavily affected by globalization. Paul Samuelson has just written on the subject. He said if you believe this doesn't affect American wages, you also believe in the tooth fairy...
...real. Nobody is proposing punitive taxes or tariffs on foreign competition. Nobody is sure that new fears about what Ross Perot used to call “the sucking sound” of jobs sent abroad will actually be realized. Jagdish Bhagwati, a Columbia economics professor and former Samuelson student, responded to his old mentor’s concern with unshakeable—and, thus far, defensible—faith in American innovation to hold most jobs here...