Business: No Progress Without Pain
M.I. T.'s Lester Thurow offers some hard economic choices
A major issue in this year's presidential campaign is the poor performance of the American economy. Carter, Reagan and Anderson have all offered vote-catching solutions for the problems of inflation, unemployment, energy shortages and declining productivity. Will the results match the rhetoric? "Not a chance," says M.I.T. Economist Lester C. Thurow. "Everybody is looking for a magic button, and there isn't one."
In one of the most provocative economic books of the year, The Zero-Sum Society (Basic Books; $12.95), Thurow, 42, analyzes the present U.S....
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