Edward Conard

Top Ten New York Times Bestselling Author

  • “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
Upside of Inequality Unintended Consequences Oxford
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Edward Conard

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My chapter, “The Economics of Inequality,” joins Saez, Burkhauser, and other distinguished economists in Oxford University Press’ new “United States Income, Wealth, Consumption, and Inequality”

In my chapter, “Economics of Inequality in High-Wage Economies," I argue, “Inequality is mostly the result of an increasing premium on returns from risk and high-skilled labor ushered in by technological disruption and the feedback loop of elite talent working to increase their own productivity—a logical outcome when properly trained talent constrains growth. The answer … lies in increasing the ratio of high- to low-skilled workers chiefly by training and recruiting ... Read More

Defending JPMorgan CEO Jamie Dimon's $31m Salary on FBN's Making Money with Charles Payne

Defending JPMorgan CEO Jamie Dimon’s $31m Salary on FBN’s Making Money with Charles Payne

Charles Payne, Heather Higgins, and I defend JP Morgan Chase CEO Jamie Dimon’s $31 million annual salary on “Fox Business’s Making Money with Charles Payne.” https://edwardconard.wistia.com/medias/z8tn98sce3?embedType=async&videoFoam=true&videoWidth=640 ... Read More

Debating a Book’s-Worth of Economic Issues on “Conversations with Bill Kristol”

Debating a Book’s-Worth of Economic Issues on “Conversations with Bill Kristol”

I cover a book’s-worth of economic issues in my 90 minute discussion with Bill Kristol on “Conversations with Bill Kristol.” ... Read More

Frank Hill Reviews The Upside of Inequality for The North State Journal

Frank Hill Reviews The Upside of Inequality for The North State Journal

Review: The Upside of Inequality by Frank Hill for The North State Journal Many people hear the term “income inequality” and think: “We gotta do something to fix that!” Which almost always means pass more legislation and give more power to government officials. Ed Conard, former managing partner of Bain Capital, thinks differently. He sees rising income inequality as a good sign for an economy, not as a negative. As he writes in his eminently readable book, ... Read More

Atlanta’s Living Standard Is Higher Than San Francisco (When Adjusted for Real Estate Cost)

After adjusting for the cost of real estate, Demographia finds the median standard of living in Atlanta is higher than San Francisco. ... Read More

Millennial Incomes Are Comparable to Prior Generations

A new Pew study finds Millennial household incomes are higher today than they have been for every other comparable generation, except in the year 2000. Using the Pew data, Ernie Tedeschi finds Millennial household incomes today are comparable to past generations after adjusting for education. But such comparisons assume education is as productivity-enhancing today as it was in the past when America educated fewer people at the margin. Bryan Caplan, for example, ... Read More

U.S. Is Not An Outlier on Economic Mobility

Scott Winship’s indispensable review of economic mobility studies finds the “U.S. (is) not an outlier” even if absolute mobility is less because growing income gap between rich and poor “says nothing” about whether it’s harder for poor kids to become rich. ... Read More

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