Word: taber
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Dates: during 1980-1989
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Senior Editor George M. Taber, who is in charge of TIME'S Economy & Business section, reported an August 1979 cover story on the then new theory of supply-side economics and wrote a cover story last year entitled: "Is Capitalism Working?" While Taber welcomes the new public awareness that has made "gross national product" and "prime interest rate" the stuff of dinner table conversations, he cautions that the most important lesson amateur economists can learn is patience. "There will be months of austerity before Americans see any improvement in their own economic world," Taber says. "George Shultz, Ronald Reagan...
...American manufacturing economy is at a crossroads in this decade. We are either going to learn to make the most of the system as the Japanese do or become a second-rate industrial nation like the United Kingdom. Nobody has said it better than George Taber: it is time for management, labor, government and our educational institutions to quit kicking the system and each other and concentrate our efforts together on making it work...
This week's cover story on the state of capitalism as the 1980s begin reflects the reporting of correspondents in many of TIME'S bureaus, both in the capitalist world and beyond. But much of the research was done by Associate Editor George M. Taber, who wrote the story as well as an accompanying side bar on capitalism's roots in history...
...Taber, who joined TIME'S New York staff last summer after two years as our economics correspondent in Washington, found the assignment absorbing-so much so that at one point he spent a series of eleven-hour days poring over texts on his subject in the stacks of the Princeton University library, which is near his home. "Here at last," says Taber, "was a chance to grapple with the economic problems I had studied in Washington, to explore their complex causes and long-range social implications...
...Taber was assisted by Reporter-Researchers Charles Alexander and Robert Grieves, who helped to pin down such fine points as the cost of gasoline in Bulgaria, the distribution of wealth envisioned in Plato's Republic, and whether Marie Antoinette really did say, "Let them eat cake" (she did not). Says Alexander: "Happily, we had to reach out of our accustomed economic niche to become students of history, literature and philosophy." Last week TIME opened its first bureau on mainland China since our office in Shanghai was closed in September 1949, four months after the city was taken over...