EppsNet Archive: Conventional Wisdom

You Can Make It If You Try

“It’s becoming conventional wisdom that the U.S. does not have as much [economic] mobility as most other advanced countries,” said Isabel V. Sawhill, an economist at the Brookings Institution. “I don’t think you’ll find too many people who will argue with that.” — Harder for Americans to Rise From Lower Rungs – NYTimes.com I’ll argue with it . . . the fact that people are not doing something doesn’t necessarily mean it’s a hard thing to do. Maybe people aren’t trying to do it. Maybe people don’t want to do it. From Daniel Kahneman‘s Thinking, Fast and Slow: A large-scale study of the impact of higher education . . . revealed striking evidence of the lifelong effects of the goals that young people set for themselves. The relevant data were drawn from questionnaires collected in 1995-1997 from approximately 12,000 people who had started their higher education in elite schools in… Read more →