Edward Conard

Top Ten New York Times Bestselling Author

  • “Unintended Consequences represents the most cogent and persuasive analysis of the Financial Crisis to date.” - Andrei Shleifer, 1999 John Bates Clark Medal Winner
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Edward Conard

Brookings Inadvertently Finds the Poor Have Higher Incomes in Cities Where the Rich are Richer

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A recent report by the Brookings Institution inadvertently shows the poor have higher incomes in cities where the rich are richer. Unfortunately, the study overlooks many factors that might better explain the differences between rich and poor within cities and between them. And, of course, correlation is not causation, especially where possible explanations seem overlooked. Nevertheless, the relationship between rich and poor in the data Brookings chose to present is hard to overlook.

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