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...hunter-gatherers don't pass on wealth to their children. They do. Parents who know where to dig for the most nutritious tubers or how best to hunt elk will pass along that knowledge-based wealth to their kids. The difference is, that advantage is harder to monopolize than, say, a tract of land that comes with a deed. (See the best social-networking applications...
...contemporary, post-Industrial society - say, the U.S. An economy based on brains and connections? That sounds about right. It's been half a century since economists first lasered in on the importance of "human capital" - the notion that what is locked up in people's heads and how they relate to other people deserves just as much attention as a company's physical assets (its factories, trucks and land). With each new phase of our information society, it becomes truer that the way to get a leg up isn't to own a factory (they're all going overseas...
Great. Spam filtering sites think Gmail is spam. Can you say ‘ironic?...
...When people who know me see me clean they sometimes feel uncomfortably because it humanizes something they don’t think about,” Cen says. “People say, ‘You’re at Harvard, why are you cleaning bathrooms?’ but it’s a job that needs to be done—getting into Harvard doesn’t raise you above anyone else...
...think it’s fair to say I’m more liberal than most of my colleagues,” says Marglin, whose most recent book was titled: “The Dismal Science: How Thinking Like an Economist Undermines Community.” A tenured professor at Harvard since 1968, he says he is aware of the uniqueness of his outlook within the Littauer building, home of the Economics Department. “I don’t think there is anybody who shares my views,” he says...