“Probably no country has ever had as large a shift in the distribution of wealth [as what we've seen in the U.S. in the last 30 years] without having gone through a revolution or losing a major war.” — Lester Thurow Copy Share Image
“No country without a revolution or a military defeat and subsequent occupation has ever experienced such a sharp a shift in the distribution of earnings as America has in the last generation. At no other time have median wages of… — Lester Thurow Copy Share Image
A competitive world offers two possibilities. You can lose. Or, if you want to win, you can change. — Lester Thurow Copy Share Image
“Probably no country has ever had as large a shift in the distribution of wealth [as what we've seen in the U.S. in the… — Lester Thurow Copy Share Image
We've believed for 50 years that the Japanese are small Americans who wanted to be like us. They are not. — Lester Thurow Copy Share Image
Change requires individuals who recognize that new things can be done and who take the initiative to get them done ... The existing bureaucracies,… — Lester Thurow Copy Share Image
Natural resources have dropped out of the competitive equation. In fact, a lack of natural resources may even be an advantage. Because the industries… — Lester Thurow Copy Share Image
Technology and Ideology are shaking the foundations of 21st century capitalism. Technology is making skills and knowledge the only sources of sustainable strategic advantage. — Lester Thurow Copy Share Image
The old foundations of success are gone ... The world's wealthiest man, Bill Gates, owns nothing tangible: no land, no gold or oil, no… — Lester Thurow Copy Share Image
AT&T invented the cellular telephone, but saw no future in it. It takes entrepreneurs, who are angels of destruction, to take advantage of things… — Lester Thurow Copy Share Image
There is nothing antithetical in American history, culture, or traditions to teamwork. Teams were important in America's history - wagon trains conquered the West,… — Lester Thurow Copy Share Image
“No country without a revolution or a military defeat and subsequent occupation has ever experienced such a sharp a shift in the distribution of… — Lester Thurow Copy Share Image
One of the peculiarities of economics is that it still rests on a behavioral assumption-rational utility maximization-that has long since been rejected by sociologists… — Lester Thurow Copy Share Image
If a group of people has no sense where they came from-it is difficult for them to have a sense where they should go. — Lester Thurow Copy Share Image
Economists are always recommending the elimination of this or that market imperfection ... no astrophysicist recommends the elimination of planets that he does not like. — Lester Thurow Copy Share Image
Without entrepreneurs, economies become poor and weak. The old will not exist, the new can't enter — Lester Thurow Copy Share Image
Major investment decisions have become too important to be left to the private sector. — Lester Thurow Copy Share Image
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