Major investment decisions have become too important to be left to the private sector.

- Lester Thurow

The old foundations of success are gone ... The world's wealthiest man, Bill Gates, owns nothing tangible: no land, no gold or oil, no factories ... …

- Lester Thurow

Technology and Ideology are shaking the foundations of 21st century capitalism. Technology is making skills and knowledge the only sources of sustain…

- Lester Thurow

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 whi…

- Lester Thurow

Economists are always recommending the elimination of this or that market imperfection ... no astrophysicist recommends the elimination of planets th…

- Lester Thurow

We've believed for 50 years that the Japanese are small Americans who wanted to be like us. They are not.

- Lester Thurow

There is nothing antithetical in American history, culture, or traditions to teamwork. Teams were important in America's history - wagon trains conqu…

- Lester Thurow

Change requires individuals who recognize that new things can be done and who take the initiative to get them done ... The existing bureaucracies, pu…

- Lester Thurow

One of the peculiarities of economics is that it still rests on a behavioral assumption-rational utility maximization-that has long since been reject…

- Lester Thurow