Notes and Reflections on Books and Media
by Hannah Leitheiser
#economics #book #hardword
Wealth and Poverty: A New Edition for the Twenty-First Century
"If work effort is the first principle of overcoming poverty, marriage is the prime source of upwardly mobile work." "It was firm links between work, wealth, sex, and children that eventually created a future-orientated psychology in the mass of western European men."
"Faith in man, faith in the future, faith in the rising returns of giving, faith in the mutual benefits of trade, faith in the providence of God...[is] necessary to sustain the spirit of work and enterprise." - George Gilder, Wealth and Poverty: A New Edition for the Twenty-First Century (2012)
The immobility of the poor is due to the breakdown of the childed nuclear family. This author's research shows, in all other situations, men work less hard.
But that is not enough, as various intellectuals, and perhaps some government programs, erode the faith that hard work will earn reward.
This is why poverty grows more recalcitrant.