Lester Carl Thurow (May 7, 1938 – March 25, 2016) was an American
political economist
Politics () is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of status or resources.
The branch of social science that studies poli ...
, former dean of the
MIT Sloan School of Management
The MIT Sloan School of Management (branded as MIT Sloan) is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts.
MIT Sloan offers bachelor's, master's, and doctoral degree progra ...
, and author of books on
economic
An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is ...
topics.
Education
Born in
Livingston, Montana
Livingston is a city and the county seat of Park County, Montana, United States. It is in southwestern Montana, on the Yellowstone River, north of Yellowstone National Park. As of the 2020 census, the population of the city was 8,040.
Hist ...
, Thurow received his
B.A.
A Bachelor of Arts (abbreviated B.A., BA, A.B. or AB; from the Latin ', ', or ') is the holder of a bachelor's degree awarded for an undergraduate program in the liberal arts, or, in some cases, other disciplines. A Bachelor of Arts degree ...
in
political economy
Political or comparative economy is a branch of political science and economics studying economic systems (e.g. Marketplace, markets and national economies) and their governance by political systems (e.g. law, institutions, and government). Wi ...
from
Williams College
Williams College is a Private college, private liberal arts colleges in the United States, liberal arts college in Williamstown, Massachusetts, United States. It was established as a men's college in 1793 with funds from the estate of Ephraim ...
in 1960, where he was in
Theta Delta Chi
Theta Delta Chi () is a social fraternity that was founded in 1847 at Union College, New York, United States. While nicknames differ from institution to institution, the most common nicknames for the fraternity are TDX, TDC, Thete, Theta Delt, an ...
and
Phi Beta Kappa
The Phi Beta Kappa Society () is the oldest academic honor society in the United States. It was founded in 1776 at the College of William & Mary in Virginia. Phi Beta Kappa aims to promote and advocate excellence in the liberal arts and sciences, ...
as a junior, and a Tyng Scholar. After he was awarded a
Rhodes Scholar
The Rhodes Scholarship is an international Postgraduate education, postgraduate award for students to study at the University of Oxford in Oxford, United Kingdom. The scholarship is open to people from all backgrounds around the world.
Esta ...
ship, he went to
Balliol College
Balliol College () is a constituent college of the University of Oxford. Founded in 1263 by nobleman John I de Balliol, it has a claim to be the oldest college in Oxford and the English-speaking world.
With a governing body of a master and ar ...
,
Oxford
Oxford () is a City status in the United Kingdom, cathedral city and non-metropolitan district in Oxfordshire, England, of which it is the county town.
The city is home to the University of Oxford, the List of oldest universities in continuou ...
to read
Philosophy, Politics and Economics
Philosophy, politics and economics, or politics, philosophy and economics (PPE), is an interdisciplinary undergraduate or postgraduate academic degree, degree which combines study from three disciplines. The first institution to offer degrees in P ...
, graduating in 1962 with first class honors. He received a Ph.D. in
Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services.
Economics focuses on the behaviour and interac ...
from
Harvard University
Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyma ...
in 1964.
Career
Thurow was on the
board of directors
A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency.
The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...
of
Analog Devices
Analog Devices, Inc. (ADI), also known simply as Analog, is an American multinational corporation, multinational semiconductor company specializing in data conversion, signal processing, and power management technology, headquartered in Wilming ...
,
Grupo Casa Autrey,
E-Trade
E*TRADE is an investment brokerage and electronic trading platform that operates as a subsidiary of Morgan Stanley.
History
In 1982, physicist William A. Porter and Bernard A. Newcomb founded TradePlus in Palo Alto, California, with $15,00 ...
, and
Taiwan Semiconductor Manufacturing Corp (TSMC). Thurow was one of the founders of the
Economic Policy Institute
The Economic Policy Institute (EPI) is a 501(c)(3) organization, 501(c)(3) non-profit think tank based in Washington, D.C., that carries out economic research and analyzes the economic impact of policies and proposals. Affiliated with the Labor un ...
in 1986. Thurow was an economics
columnist
A columnist is a person who writes for publication in a series, creating an article that usually offers commentary and opinions. Column (periodical), Columns appear in newspapers, magazines and other publications, including blogs. They take the ...
for, among others, the ''
Boston Globe
''The Boston Globe,'' also known locally as ''the Globe'', is an American daily newspaper founded and based in Boston, Massachusetts. The newspaper has won a total of 27 Pulitzer Prizes. ''The Boston Globe'' is the oldest and largest daily new ...
'' and ''
USA Today
''USA Today'' (often stylized in all caps) is an American daily middle-market newspaper and news broadcasting company. Founded by Al Neuharth in 1980 and launched on September 14, 1982, the newspaper operates from Gannett's corporate headq ...
''. He was an economics columnist for and on the editorial board of the ''
New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...
'', and was a contributing editor to ''
Newsweek
''Newsweek'' is an American weekly news magazine based in New York City. Founded as a weekly print magazine in 1933, it was widely distributed during the 20th century and has had many notable editors-in-chief. It is currently co-owned by Dev P ...
'', where he earned the 1982
Gerald Loeb Award
The Gerald Loeb Awards, also referred to as the Gerald Loeb Awards for Distinguished Business and Financial Journalism, is a recognition of excellence in journalism, especially in the fields of business, finance and the economy. The award was e ...
for Columns/Editorials.
Thurow was a longtime advocate of a political and economic system of the Japanese and European type, in which governmental involvement in the direction of the economy is far more extensive than is the case in the
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
– a model that has come to be known as "Third Way" philosophy. Thurow supported a more universal patent system as a requirement for a knowledge-based economy, where governments would assess the value of infringements of intellectual property against their companies by competitors in foreign jurisdictions and allow these companies to match that.
[
Thurow died at the age of 77 on March 25, 2016.
]
Books
His 1993 book, ''Head to Head: The Coming Economic Battle Among Japan, Europe and America''
References
External links
The Economic Policy Institute
* ttp://www.cfo.com/article.cfm/3011355?f=featured ''CFO Magazine'' – Interview
''The Globalist – Short Biography''
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{{DEFAULTSORT:Thurow, Lester
1938 births
2016 deaths
American economics writers
American male journalists
Harvard University alumni
American Rhodes Scholars
People from Livingston, Montana
Williams College alumni
MIT Sloan School of Management faculty
Journalists from Montana
Economic Policy Institute
Economists from Montana
Gerald Loeb Award winners for Columns, Commentary, and Editorials