Lester C. Thurow Livres

An economist constructs models to explain the existing distribution of earnings and wealth in the United States

A leading liberal economist presents a critique of recently ascendant conservative economic theories, arguing that none of these theories offers an accurate picture of economic realities

There is no doubt that we are in the middle of a transition to a knowledge-based economy. Breakthrough technologies in microelectronics, biotechnology, new materials, telecommunications, robotics, and computers are fundamentally changing the game of creating wealth. While these new industries are growing explosively, existing industries such as banking and retail are being transformed beyond recognition. As a result, a new global economy is emerging to replace existing national economies. What will it take for individuals, companies, and entire countries to succeed in the new economics of the twenty-first century? Rather than focusing on spending, Lester C. Thurow argues that we must emphasize investment in basic knowledge, education, and infrastructure. Only by committing ourselves to building communal wealth can we maximize opportunities for building personal wealth as well. Building Wealth is an indispensable guide to surviving -- and thriving -- in the economies of the twenty-first century.

With the dismantling of the Berlin Wall in 1989 and the collapse of the USSR in 1991, the Cold War era ended, giving rise to a new economic struggle among three superpowers, each engaging in capitalism differently. The United States, now the second-largest economy, faces stagnation and escalating federal deficits, prompting Americans to recognize a pivotal moment. One of the nation’s leading economists offers a dynamic assessment of this evolving economic landscape, highlighting the competition's new rules, the strengths and weaknesses of each player, and the essential information needed to succeed. Surprises abound; success requires radical new skills and innovative thinking. For instance, the 1990s will not have clear winners, but the inability to cooperate with adversaries could lead to destruction. A reevaluation of essential resources is crucial for thriving in this environment before the year 2000. Seven key industries are identified as vital for maintaining a high standard of living, raising questions about how to sustain competitiveness in these sectors. Education emerges as the most powerful tool in this new economic warfare, emphasizing the need to close the education gap. Additionally, fostering teamwork in unfamiliar ways is essential for Americans to adapt and succeed.

Monograph maintaining that a political system founded on democracy has inhibited economic growth and given rise to a steady state economy in the USA - suggests that interest group pressures have impeded the exploitability of national level energy sources as well as the implementation of economic policies whish would reduce inflation, and sets forth measures to increase productivity, reduce government regulations and further income distribution. References and statistical tables.

Cites America's economic trouble spots while charting a course for surviving and maintaining global leadership in the years to come.

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