Edward Conard

Top Ten New York Times Bestselling Author

  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
Upside of Inequality Unintended Consequences Oxford
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Edward Conard

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Cross-country

Market Risen to Top Decile Equity Risk Premium

Market Risen to Top Decile Equity Risk Premium

Aswath Damodaran finds the equity premium has risen to 6%—in the top decile historically. He estimates shocks from 2 of the following have already been priced in:      •     Slower growth      •      Political/economic crisis      •      Higher interest rates      •      ... Read More

Paul Krugman wrote a misleading post comparing U.S. wages and productivity growth to Scandinavia without admitting that Scandinavia’s test scores are much higher than America’s.

Krugman’s Misleading Scandinavian Comparison

Paul Krugman wrote a misleading post comparing U.S. wages and productivity growth to Scandinavia without admitting that Scandinavia’s test scores are much higher than America’s. Comparing Scandinavia to Scandinavian-Americans instead of to Americans more broadly is a simple way to factor out the benefit of higher Scandinavian test scores. (If anything, Scandinavians with lower socioeconomic status immigrated to America.) On average, Scandinavian-Americans earn ... Read More

With $3-an-hour Mexican Labor, Why Should Capital Flow to Rural America?

With $3-an-hour Mexican labor, why should capital flow to rural America? Can rural America achieve the productivity needed to sustain high wages unless it exports labor to urban America? It doesn’t seem likely. ... Read More


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