American Dream is Alive and Kicking
Posted at 1:30 p.m. on Oct. 17
Andrew Lewis reviews Tyler Cowen’s Average is Over.
“While Cowen foresees an America with more polarizing income inequality, the country won’t be entirely in the grip of the forces we have grown used to. In the past, income inequality was largely driven by differences in social status. In the future, Cowen argues, society will become more meritocratic.”
“That’s not at all to say that inequality is unimportant, but rather that income inequality is not the best gauge of societal equity. Perhaps opportunity equality should be what we strive for… Rewarding individuals for their ability and effort is an idea that rings true with the spirit of James Adams’ vision. The American Dream is alive and well.”