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
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “…challenges misconceptions that distort our economic debates.” - Arthur Brooks, President of the American Enterprise Institute
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
  • “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
  • “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
  • “…a must-read for serious students of economic policy.” - Glenn Hubbard, Dean, Columbia Business School, and former Chairman of the Council of Economic Advisers
  • “…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
  • “…challenges misconceptions that distort our economic debates.” - Arthur Brooks, President of the American Enterprise Institute
  • “…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 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 comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
Upside of Inequality Oxford Unintended Consequences

AI Summary. In New York City's mayoral race, Mamdani's average margin was 30 points in precincts with a median age under 45, and voters under 45 made up 43% of in-person ballots versus 36% in the prior governor's race. He won by over 50 points in neighborhoods where the white population share grew and the Black or Hispanic share declined.

Maya King, Jeff Adelson and Alex Lemonides New York Times
Date Posted:
Is Database:
Database

Voters under the age of 45, 46% of registered voters in New York City, made up ~43% of voters in the mayor’s race. In neighborhoods where the nonwhite population is shrinking, Mamdani won by more than 50pp.

How did age and neighborhood demographic shifts shape a mayoral victory?

Core argument: Mamdani's average margin of victory reached 30 points in precincts where the median age is under 45, among the highest of any demographic group.

In precincts where the median age is under 45, [Mamdani's] average margin of victory was 30 points — among the highest of any demographic group. Voters younger than 45 — about 46% of registered voters in the city — made up about 43% of those who cast their ballots in person early or on Election Day. That outpaces the 2022 midterms, when Gov. Kathy Hochul, a Democrat, narrowly fought off a challenge from Lee Zeldin. That year, younger voters made up 36% of those who voted. (Mail ballots, which are still being accounted for in the 2025 election, generally make up a small share of overall votes.) In neighborhoods where the nonwhite population is shrinking [Mamdani] notched some of his strongest performances. In parts of the city where the Black or Hispanic population share had declined and the white population share had grown since before the pandemic, Mr. Mamdani won by more than 50 percentage points.

Takeaways by Macro Roundup® AI

  1. Mamdani's average margin of victory reached 30 points in precincts where the median age is under 45, among the highest of any demographic group.
  2. Voters younger than 45, about 46% of New York City's registered voters, cast about 43% of in-person early and Election Day ballots, up from 36% in the 2022 midterms, when Kathy Hochul narrowly fought off Lee Zeldin.
  3. Mamdani won by more than 50 percentage points in parts of the city where the Black or Hispanic population share had declined and the white population share had grown since before the pandemic.

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