Edward Conard

Top Ten New York Times Bestselling Author

  • “…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “…a must-read for serious students of economic policy.” - Glenn Hubbard, Dean, Columbia Business School, and former Chairman of the Council of Economic Advisers
  • “Unintended Consequences provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading.” - Nouriel Roubini, New York University; Chairman, Roubini Global Economics
  • “There are an amazing number of good ideas and interesting points made in Unintended Consequences. The thinking underlying it, and the obvious depth of understanding of the author, are very impressive.” - Steven Levitt, coauthor of Freakonomics; 2004 John Bates Clark Medal
  • “Unintended Consequences is full of substance, it is one of the must-read books of the year, and once I finish it I will be giving it a second read through right away.” - Tyler Cowen, Professor, George Mason University
  • “…challenges misconceptions that distort our economic debates.” - Arthur Brooks, President of the American Enterprise Institute
  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
  • “Unintended Consequences is far smarter and more thought-provoking than most economics written for the general public” - Greg Mankiw, Harvard University, Former Chairman of the Council of Economic Advisors
  • “…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
  • “…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
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“The Life Project” Shows Govt’s Limited Ability To Change Impact of Social Status on Success

The Wall Street Journal review of the book, The Life Project, caught my eye today. The book summarizes the 6,000 research papers and 40 books chronicling the 70,000 Brits born in 5 cohorts (1946, 1958, 1970, 1991, and 2001) tracked over the course of their lives by the British government.

The-Life-ProjectThe reviewer, Kay Hymowitz, a fellow at the Manhattan Institute, writes:

“From the first cohort, scientists were struck by the effects of social class on life chances. … Inequality remains a major theme—and disappointment—in the cohort literature.

The 1944 Education Act…made education compulsory and free; the British government also introduced the “11-plus” test to locate promising kids at the end of elementary school. Policy makers…eventually increased funds for early childhood education.

If their efforts have created a more equal society, the cohort studies have yet to reveal it. … Performance gaps continue to emerge very early in life and even widen during the school years…  In the 2001 cohort study, very young poor kids had smaller vocabularies… They were more hyperactive and had more emotional and learning problems. … Over 30% of them faced at least one…childhood risk… like domestic violence and parental alcoholism or depression.

[However,] the…studies found that parents with high aspirations for their children [who provided] “a good ‘learning environment’ at home”—reading to a child, singing songs, teaching the alphabet and numbers—was more significant than “parents’ job, education, or income.”

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