Lester C. Thurow

One of the nation's most influential economists asks a few basic questions. How does knowledge create wealth? How can societies incubate entrepreneurs? What skills will the entrepreneurs need?

"All that is solid melts into air" -- Karl Marx could have been describing the forces unleashed by the first truly global economy.

One way to improve America’s economic situation is to increase our industrial capacity, which costs money that isn’t available because Americans need every nickel to keep up with rising prices. But regular savings can be encouraged, argues one economist, by heavily taxing consumption, by reducing or eliminating state and local taxes . . . and more.