History Readings

Similarly, Larry Summers, then president of Harvard, was ostracized in 2005 for wondering publicly whether the preponderance of male professors in some top math and science departments might be due partly to the larger variance in I.Q. scores among men (meaning there are more men at the very high and very low ends). “This was not a permissible hypothesis,” Dr. Haidt said. “It blamed the victims rather than the powerful. The outrage ultimately led to his resignation. We psychologists should have been outraged by the outrage. We should have defended his right to think freely.” Instead, the taboo against discussing sex differences was reinforced, so universities and the National Science Foundation went on spending tens of millions of dollars on research and programs based on the assumption that female scientists faced discrimination and various forms of unconscious bias. But that assumption has been repeatedly contradicted, most recently in a study published Monday in the Proceedings of the National Academy of Sciences by two Cornell psychologists, Stephen J. Ceci and Wendy M. Williams. After reviewing two decades of research, they report that a woman in academic science typically fares as well as, if not better than, a comparable man when it comes to being interviewed, hired, promoted, financed and published.

Dr. Haidt was optimistic enough to title his speech “The Bright Future of Post-Partisan Social Psychology,” urging his colleagues to focus on shared science rather than shared moral values. To overcome taboos, he advised them to subscribe to National Review and to read Thomas Sowell’s “A Conflict of Visions.”

In the wealthier districts across the state, the news is better: 72 percent of students in “low need” districts are graduating ready for college or careers. But even that is well under the 95 percent of students in those districts who are now graduating.

A common reaction, Dr. Tisch said, is shock and hesitancy. There are fears of plummeting real estate values, as well as disagreement, particularly in rural areas, with the idea that all students need to be prepared for college.

The cities that have thrived over the past few decades tend to have high median temperatures in January (people like warm winters and other amenities). But even cold cities like Chicago can thrive if they attract college grads.

When you clump together different sorts of skilled people and force them to rub against one another, they create friction and instability, which leads to tension and creativity, which leads to small business growth. As Glaeser notes, cities that rely on big businesses wither. Those that incubate small ones grow.

the companies in which people most want to invest, technology stars like Facebook and Twitter, are managing to avoid the public markets entirely by raising hundreds of millions or even billions of dollars privately. You and I can’t buy into these companies; only very select institutions and well-connected individuals can. And companies prefer it that way.

A private company’s stock isn’t affected by the unpredictable waves of the stock market as a whole. Its chief executive can concentrate on running the company rather than answering endless questions from investors, analysts and the press.

That burden comes largely from the Securities and Exchange Commission, which was created in the wake of the 1929 stock-market crash to protect small investors. But if the move to private markets continues, small investors aren’t going to need much protection any more: they’ll be able to invest in only a relative handful of companies anyway.

Only the biggest and oldest companies are happy being listed on public markets today. As a result, the stock market as a whole increasingly fails to reflect the vibrancy and heterogeneity of the broader economy. To invest in younger, smaller companies, you increasingly need to be a member of the ultra-rich elite.

At risk, then, is the shareholder democracy that America forged, slowly, over the past 50 years.

Google itself is perhaps the most significant example of using software to mine the collective intelligence of humans and then making it freely available in the form of a digital library.

He argues that our society, for the moment, has hit a technological plateau.

many of this era’s technological breakthroughs produce enormous happiness gains, but surprisingly little additional economic activity

Jared’s other priorities also produce high quality-of-life gains without huge material and productivity improvements.

For Sam, income and living standards were synonymous. But for Jared, wealth and living standards have diverged. He is more interested in the latter than the former. This means that Jared has some rich and meaningful experiences, but it has also led to problems. Every few months, new gizmos come out. Jared feels his life is getting better. Because he doesn’t fully grasp the increasingly important distinction between wealth and standard of living, he has the impression that he is also getting richer. As a result, he lives beyond his means. As Cowen notes, many of our recent difficulties stem from the fact that many Americans think they are richer than they are.