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Dr. Edward Banfield of Harvard studied upward social and economic mobility in the United States and other countries for almost fifty years. He was looking for the reasons why some individuals and families moved up from lower socioeconomic classes to higher socioeconomic classes, generation by generation, sometimes starting at laboring jobs and beco
... See moreBrian Tracy • Get Smart!: How to Think and Act Like the Most Successful and Highest-Paid People in Every Field
The Atlantic • Why the Past 10 Years of American Life Have Been Uniquely Stupid
Finally, when young people who “want to help mankind” come to me asking, “What should I do? I want to reduce poverty, save the world,” and similar noble aspirations at the macro-level, my suggestion is: 1) Never engage in virtue signaling; 2) Never engage in rent-seeking; 3) You must start a business. Put yourself on the line, start a business. Yes
... See moreNassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals
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If he had a unifying principle, politically and economically, it is what we have said: that concentrated power in any form is dangerous, that institutions should be built to human scale, and society should pursue human ends. Every institution, public and private, runs the risks of taking on a life of its own, putting its own interests above those o
... See moreTim Wu • The Curse of Bigness: Antitrust in the New Gilded Age
Isabel V. Sawhill • Social Capital: Why We Need It and How We Can Create More of It
Any individual in the General Market can give to the poor, pay for someone else’s schooling, donate money to foreign governments, or hire protection. It isn’t his choice he’s concerned about when he wants the government to do those things. It’s someone else’s choice that he’s trying to overrule.
Harry Browne • How I Found Freedom in an Unfree World
In short, several generations, including my own, were not taught the skills they would need in order to see, understand, and respect other people in all their depth and dignity. The breakdown in basic moral skills produced disconnection, alienation, and a culture in which cruelty was permitted. Our failure to treat each other well in the small enco
... See moreDavid Brooks • How to Know a Person: The Art of Seeing Others Deeply and Being Deeply Seen
Americans look to our GDP as a report card on the performance of government. But how might we evaluate government’s performance on its moral charge, found in a government’s original social contract to actively care for the well-being of its society?