From the New World cover image

(Classic Episode) Tyler Cowen: The Dark Side of Talent, Sorting and Institutions

From the New World

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Is the United States a Very High Variance Country?

The United States is quite bad compared to other Western countries. Most problems that are based on people not on the bottom end, like crime, for example, was the most obvious. But if you think on, you know, for innovation at least, a variance increasing move will help you. I'm not saying it helps you for all social problems, but definitely it does for innovation.

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