Book Discussion on Prices, Poverty, and Inequality

David Weinstein talked about the book he wrote with Christian Broda, Prices, Poverty, and Inequality: Why Americans Are Better Off Than You… read more

David Weinstein talked about the book he wrote with Christian Broda, Prices, Poverty, and Inequality: Why Americans Are Better Off Than You Think (American Enterprise Institute Press; October 2008). In the book they argue that the conventional idea that the economic well-being of all but the wealthiest Americans has stagnated or declined over the past twenty-five years is based on misleading measurements of income and poverty. When they adjust the consumer price index used to compute official measures of real wages and poverty to account for the benefits of new and improved products and the consumer’s ability to substitute less expensive goods for goods that have become more expensive Americans in every income group are substantially better off economically than they were a quarter-century ago.

Mr. Weinstein projected charts and graphs during his presentation. He was joined in discussion by Douglas Besharov, Gary Burtless, and David Johnson. Henry Olsen moderated. The panelists responded to questions from members of the audience. close

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*The transcript for this program was compiled from uncorrected Closed Captioning.

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  • Johnson, David Chief U.S. Census Bureau->Housing and Household Economic Statistics Division
  • Olsen, Henry Vice President & Director American Enterprise Institute->National Research Initiative
  • Weinstein, David E. Professor Columbia University->Economics
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Book Discussion on Prices, Poverty, and Inequality

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Program ID:
282878-1
Category:
Public Affairs Event
Format:
Forum
Location:
Washington, District of Columbia, United States
First Aired:
Dec 15, 2008
Last Aired:
Dec 24, 2008

Airing Details

  • Dec 15, 2008 | 10:32am EST | C-SPAN 2
  • Dec 16, 2008 | 12:01am EST | C-SPAN 2
  • Dec 17, 2008 | 3:21pm EST | C-SPAN 1
  • Dec 23, 2008 | 3:44am EST | C-SPAN 2
  • Dec 24, 2008 | 4:56pm EST | C-SPAN 1
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