Why am I passionate about this?
I am the Eldon R. Lindsey Chair of Free Enterprise and Professor of Economics and Finance at Shenandoah University in Winchester, Virginia. Most of my writing is academic, including in the Independent Review, Journal of Markets and Morality, and Presidential Studies Quarterly recently. Before pursuing my doctoral degree, I served in the U.S. Army and worked for an insurance company.
Clifford's book list on the global economy
Why did Clifford love this book?
This is a frustrating book.
It is a path-breaking effort to gather national IQ data from as many countries as possible, and to correlate the same with GDP per capita and other measures of national success.
There are several major shortcomings to the original effort including: (1) that averages of "similar" countries were used where local estimates of national IQ weren't available, and (2) national IQs of many countries were drawn from small convenience samples.
These shortcomings might have been justified as the best that could be done given the costliness of collecting scientifically-valid samples, along with a call to address these shortcomings.
Since the publication of the book, numerous additional IQ data have been developed in, for example, the norming of IQ tests for various populations. Also, much near kin achievement data have been developed in the administration of internationally-standardized scholastic examinations.
And, even for tiny countries, we have…
1 author picked IQ and the Wealth of Nations as one of their favorite books, and they share why you should read it.
Lynn and Vanhanen test the hypothesis on the causal relationship between the average national intelligence (IQ) and the gap between rich and poor countries by empirical evidence. Based on an extensive survey of national IQ tests, the results of their work challenge the previous theories of economic development and provide a new basis to evaluate the prospects of economic development throughout the world.
They begin by reviewing and evaluating some major previous theories. The concept of intelligence is then described and intelligence quotient (IQ) introduced. Next they show that intelligence is a significant determinant of earnings within nations, and they…