Word: thurow
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...income from young people who are heads of households, who don't own a home, who don't have the assets, and giving it to the old people," at least some of whom live in mortgage-free homes and who have accumulated savings." Says M.I.T.'s Thurow: "If real wages go up, real Social Security benefits should go up. But if real wages go down, you can't expect the elderly to be immune from all the problems facing the economy...
Other neoliberal proposals represent critical divergences from Democratic tradition. One, advocated by a group of economists including Lester Thurow proposes the revamping of anti-trust laws to remove bars on the expansion of successful American businesses, and to allow floundering ones, like the automobile industry, to pool information and share research and development costs. Not exactly trust busting but it will, they say, enhance American industry's ability to complete with Japan and Germany. Even more controversial is another Thurow suggestion, seconded by Felix Rohatyn, that the Federal government create a sort of central economic planning agency. This would allow...
...possible standard-bearer in the 1984 presidential race. These two youthful and appealing gentlemen, joined by junior senators such as New Jersey's Bill Bradley, representatives like Colorado's Timothy Wirth and Missouri's Richard Gephardt, and heavy weights from academe and high finance--MIT economist Lester Thurow and New York investment banker Felix Rohatyn for example--are beginning to exert a strong influence on the thinking of the Democratic party...
Despite the rising productivity of blue collar workers and the declining productivity of managers, as documented by MIT economist Lester Thurow, union members are being asked to bear the brunt of America's economic decline. Though many workers have risen to middle class stature and find the PATCO strike distasteful, the business-labor alliance may not last long at all. Washington's September 19 Solidarity Day is the first symbolic hint of these shifting winds...
Coddington cited studies conducted by Thurow and Martin S. Feldstein, professor of Economics at Harvard and director of the NBER, that predict that the government could eventually eliminate those taxes on profits and thereby end any incentive for corporations to contribute to universities...