Shirley Williams, former British Secretary of Science and Education, called yesterday for a re-evaluation of the West's economic values in the second of three Godkin Lectures.
Current economic policies emphasize energy and raw materials rather than labor, Williams told about 250 people at the Kennedy School of Government.
"We have to recognize that in the next decade, labor is going to be in large supply and that which we have substituted for labor, that is energy, will be in very short supply," Williams added.
Williams said the state should provide economic incentives to encourage energy conservation and employment.
She also criticized large industrial corporations. "Those who believe in this philosophy must oppose massive scale-ups, support anti-trust laws, and try to help small and middle-sized firms," she said.
Williams will answer questions in the penthouse of the Kennedy School today at 4 p.m. in the last of the Godkin lectures.
