Lester Thurow, American political economist, Died at 78

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Lester Carl Thurow was born on May 7, 1938, in Livingston, Montana, and died on March 25, 2016.

He was an American political economist, former dean of the MIT Sloan School of Management, and author of books on economic topics.

He was on the board of directors of Analog Devices, Grupo Casa Autrey, E-Trade, and Taiwan Semiconductor Manufacturing Corp.

He was one of the founders of the Economic Policy Institute in 1986.

He was an economics columnist for, among others, the Boston Globe and USA Today.

Lester Thurow has been an economics columnist for and on the editorial board of the New York Times and was a contributing editor to Newsweek.

Lester 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 – a model that has come to be known as “Third Way” philosophy.

He encouraged 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.

Lester Thurow passed away at 78 yrs old.

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