• Research Paper on:
    Thurow's 'The Future Of Capitalism' / The United States Economy

    Number of Pages: 7

     

    Summary of the research paper:

    This 7 page essays provides an analysis of Lester Thurow's book The Future of Capitalism.. The essay argues against Thurow's basic premises which suggest that the American economy is going down hill and can only be corrected with investment in the infrastructure and education. Thurow's arguments are compared to President Clinton's proposals as outlined in his 1998 State of the Union Address. The educational system is discussed in detail in light of Thurow's premises and Clinton's promises. Bibliography lists 6 sources.

    Name of Research Paper File: D0_USecon.doc

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    Unformatted Sample Text from the Research Paper:
    Rather, it pulls at the purse strings of millions of Americans when programs are cut or taxes are raised. At the heart of the issue are basic political stances which  either embrace or attack big government and its track record for an enormous amount of spending. One economist, Lester Thurow, has been in the midst of controversy with several books  and articles that lean clearly to the left but sometimes scare liberals with conservative economic notions. For example, Thurow urges the expansion of welfare programs while at the same time  wants to give big business a break. With a great deal of statistics to back up his claims, Lester Thurow suggests that investment over consumption should be key strategy which  government should employ to avoid future chaos. Along with this basic notion is that higher spending on the public infrastructure, research and development, better schools and the like will help  the economy. Additionally, he provides statistics to support the notion that wages have not kept pace with inflation, a reason why people are still struggling in America. While the United  States has a great deal of riches, people continue to have financial difficulties. Thurow attempts to explain why in The Future of Capitalism. Thurow has established himself as a  leading economist in the nineties but his publications have not escaped a great deal of criticism. While most of his proposals clearly keeps him all the way to the far  left, his idea to not tax corporations shock die hard liberals. At the same time, he does not favor companies keeping all the money at the top; for example, rather  than the CEO commanding a giant salary, he would favor the wealth be distributed among the workers. Thus, although he believes in giving corporations room to grow, he also favors 

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