author and a consultant to many American’ aiid Japanese |
corporations, Is perhaps:the most. prominent ofa: Younger’

#eneration of economists: emerging from: the. economic

‘ havoc of the: 19708. Pony
“Dor the last.20 or 30 years economists have been wat:

ching the economic equivalent of water running’ up. hill, but

‘they. still bold on to their. theories,” he said." « ;
Thurow hap put. his ideas on thestate of economics’ into &
book — Dangerous Currents (Random: ‘House Canada), we
ba | am ‘convineed thai accepting t the. conventional | supply+ :

demand: model of the econamy Is. rather uke, bélleving that.

vd the world is flat or that the sun, revolves ex around the earth - =!

liva Gerov's|

* Sterling News Service
‘ Feature _

Submarinés in Scandinavia

During the. last’ ‘month ‘the: Norwegian and

|HOT SPOTS

Swedish navies reminded one of Don Quixote,

‘tilting at-windmills:. The difference, however, is
that, unlike those in Don Quixote's case, the

_ windmills appear to.be a real enemy.

The result-of thé first battle was, at the same

time, very: much.like that in a Cervantes novel,
“the energetic and expansive efforts to find the
_ adversary and to ctush-him ended with nothing;

‘The Social Democratic government of Olaf

: Palme in Stockholm, known for its pro-Soviet.

sympathies and staunch anti-Americanism, was
forced to deliver a note of strong protest to.the
"Soviet government after it was discovered that
six Russian submarines chad" broken: into- the
harbour of a Swedish military base.

The Swedish navy crisscrossed the area,
placing depth .charges. The -Soviet Defénce
Ministry took a risk in denying the very existen-
ce of Soviet submarines in Swedish territorial

waters. The Soviets believed that their. sub-—

marines would. be _able to escape. unharmed

“And they did: aes
- Following this incident it'was widely. believed

in NATO military circlés, observing the phoney —

- sea battle near Swedish shores, that countri¢s of

_ the North Atlantic Treaty Organization would

be much better prepared for meeting. intruders _
than had been neutral Sweden. .

However, very soon the Soviets proved their.
NATO Opponentstobe wrong,

Two soviet: submarines’ invaded territorial’

_ waters. off Norway: ‘near the city of Bergen.

Norway is .a- member of:-NATO. yet® un-

- fortunately-this did'not improve their. defences, :

-It appeared. that NATO does not have an ad-

, vanced system of ‘fighting submarines: The

soviets. méanwhilé.-had worked out a- tactic,

- which” allowed them.-to slip: easily . to the’

strategically * ‘ important objectives in . , Scan-
dinavia and the western world. | --

” Conibined-with a propaganda campaign for
making Northern Europe a ‘zone of peace’,

: such a tactic allows them to kill two birds with
- one stone. On the one hand, the western peace

movement: praises the: USSR. ‘for being thé
champion of peace of Northern Europe. On the
other hand, under the smokescreen. ‘Of this:
demagoguery, Moscow increases its military
presence in Scandinavia. : :

To be fair, the. peace moyement ‘in Scat

dinavia learned its ‘lessons from these. two. in--

cidents. . Neither. Swedish ' nor -Norwegiari
peaceniks participated in the. last: worldwide |
campaign for nuclear. ‘freeze: and unilateral -
disarmament by thé West.

-The second: lesson is: still to be learned" by.-
NATO. Any tiegotiations with the USSR about -
arms reduction should include submarines, in
numbers of" which the Soviet Union has. a clear
superiority.

PAVING LTD.

for a professional job
: fy

| “DRIVEWAYS
PARKING LOTS
SUBDIVISIONS .

anytime oe
Locaity owned and el operated

More elusive, Washington-turned to economistg, reaching -On your, anty
' ‘the point where of President Jimmy Carter's; original shelf and stays freak
* Seabinet members, five held doctorates, in economics.: for months without

ow we are ina perio af doing nothing el the exactly
Whal‘we are. doing.'"*” . i am
: a In eo Thurow. acknowledges: that there gal ‘tendency: ine
as Ayoung PhD to join the napdlulst economists who'’; Tecessionary times to exaggerate the long-term effects of” >
e the making 4 living in America’ 5 ‘corridors of pa’ ‘the economic slow-down: However; he belleves, the ‘elitrent .
those days, economists were riding high in the opinio
of both, policy. makers and the-public, because: of t

‘DON qT FORGET
FATHERS DAY!

administration. . vs ‘x
"Buf ad the Vieinam War and the rise atin Organizatie
of Pelroleym Exporting Countries ‘spurred inflation tha
even: réecesalon could riot Stop, the conventlonal ideas’ of.
“american econoiiists, based on the id 8
no longer’ worked, ea eras
As the problems. became more ‘complex aid ‘solutions

“They marched ‘to “silliness: in small’ ‘ateps;" is how
. Thurow describes the ‘process of increased influence
compatiying decreased intellectual suceéss,

“The situation now, where macro-economlsts, we’ sath o3

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