Inconspicuous Consumption

University of Chicago economists Kerwin Kofi Charles and Erik Hurst… along with Nikolai Roussanov of the University of Pennsylvania… found… insight into the economic differences between racial groups… [that] challenges common assumptions about luxury. Conspicuous consumption, this research suggests, is not an unambiguous signal of personal affluence. It’s a sign of belonging to a relatively poor group. Visible luxury thus serves less to establish … [ Read more ]

American Murder Mystery

Why is crime rising in so many American cities? The answer implicates one of the most celebrated antipoverty programs of recent decades.

Unlearning the Myth of American Innocence

When she was 30, Suzy Hansen left the US for Istanbul – and began to realize that Americans will never understand their own country until they see it as the rest of the world does.