Thursday, December 14, 2006

The Dr. Pangloss "Best of All Possible Worlds" Award goes to David Brooks

Quick: In which of all possible alternate universes could this statement possibly be true?
In general, poor people today live at about the same standard of living as middle-class people did in the 1960s.
It's a universe in which David Brooks actually knows what he's talking about (Times Select link) when he nominates Nicholas Eberstadt's "The Mismeasurement of Poverty" in Policy Review as one of the best essays of the year. Here's the link, if you want to try to wade through Eberstadt's article in the Hoover Institution's Policy Review, which itself is a summation of the longer version of his study being published as a monograph by the American Enterprise Institute Press. (Nicholas Eberstadt holds the Henry Wendt Chair in Political Economy at the American Enterprise Institute, not to be confused with the Dr. Pangloss Chair in Political Economy at the Candide Institute in the alternate universe). Or you could check out an economist who knows what he's talking about here.

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