Economics, Social Justice

Two Links

These should be of interest to our readers:

Gregory Clark (UC-Davis Econ) in the NY Times about long term social mobility.
One quote: “The fortunes of high-status families inexorably fall, and those of low-status families rise, toward the average — what social scientists call “regression to the mean” — but the process can take 10 to 15 generations (300 to 450 years), much longer than most social scientists have estimated in the past.”

Arthur Brooks (AEI) in Commentary Magazine
One quote: “[T]hree lessons for us today. First, there is nothing inherently wrong with safety-net programs, be they SNAP, housing support, or Medicaid. Second, they must be designed and administered in ways that fight fiercely against dependency. And third, the safety net’s ultimate goal cannot be the perpetual subsistence of poor Americans in barely tolerable lives. We can aim at nothing less than real human flourishing.”

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