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Gomory: thumbs down to Smith's invisible hand.

Publication: Metal Center News
Publication Date: 01-FEB-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Gomory: thumbs down to Smith's invisible hand.(FROM THE EDITOR)

Article Excerpt
I'VE ALWAYS TRIED TO LISTEN dispassionately and objectively to all the scary talk about unfair trade and the loss of American jobs. I've always taken with a grain of salt all the doomsday predictions of America's decline as the world's economic powerhouse. After all, I thought, we'll always have Adam Smith's "invisible hand" propping us up, right?

Not so, says Dr. Ralph Gomory, revered mathematician, longtime head of science and technology at IBM and former president of the Alfred P. Sloan Foundation. Gomory...

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