Studies have shown that intergenerational social mobility in America since the 80s has been a bit lower than is popularly assumed. Stiglitz's book about this is newsworthy because most people still don't know that, despite the fact that economists and sociologists have known it, and talked about it, and taught it to their students, for decades.
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Studies have shown that intergenerational social mobility in America since the 80s has been a bit lower than is popularly assumed. Stiglitz's book about this is newsworthy because most people still don't know that, despite the fact that economists and sociologists have known it, and talked about it, and taught it to their students, for decades.