Here it was spring 2000, and Lester Thurow had just discovered the New Economy!
Lester Thurow, the fabled MIT economist and unblemished financial prognosticator, uh, in the opposite.
As I said, I had had this unfailing signal within eyeshot--180 Degrees of Lester Thurow--and failed to see it.
Over two decades I saw Lester Thurow, a very smart guy, predict that Europe would eclipse the U. S. too.
The whole dung heap of defeatism and stagnation, from Galbraith to Samuelson, Solow and Thurow--it's all there, summed up in 176 pages!
Farther along the MIT economics office corridor is where Mouse Thurow hides.
At the time distinguished commentators like George Lodge, Lester Thurow and Robert Reich all pointed to Europe and Japan as the nations slated to beat the U.S. on the economic battlefield.
Ten years ago Thurow gave speeches decrying American capitalism.
But as Thurow and many others also emphatically point out, continuing to raise Social Security benefits may soon make the elderly better off than the young, whose earnings are not protected against inflation.
But according to Lester Thurow, a professor of economics at the Massachusetts Institute of Technology and the keynote speaker at the National Rural Electric Co-operative Association's annual meeting in Las Vegas, their competitive advantage over private power companies has probably gone.
He was joined during that time by noted MIT economist Lester Thurow, who said that Western nations were doomed to paltry economic growth of 1% to 2% for the foreseeable future (strike one, Les) and that Europe would outgrow the U.S. (strike two).
An influential exponent of the first approach was Lester Thurow of the MIT's Sloan School of Management, who took as his reference point the median income in America where there is an equal number of people above and below the line and defined the American middle class as the group with incomes lying between 75% and 125% of the median.
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