Adjusting poverty measures to account for the benefits of product improvements reveals that Americans in every income group are better off than they were twenty-five years ago.

Conventional wisdom states that the economic well-being of all but the wealthiest Americans has stagnated or declined over the past twenty-five years. In Prices, Poverty, and Inequality: Why Americans Are Better Off Than You Think, Christian Broda and David E. Weinstein argue that this idea is based on misleading measurements...

For the past half century, the United States has been the world’s scientific and technological leader: American multinationals are at the forefront of commercial technologies; U.S. exports are disproportionately from sectors that rely extensively on scientific and engineering workers; leading-edge technologies play an important role in sustaining rapid U.S. productivity...

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For the past half century, the United States has been the world’s scientific and technological leader: American multinationals are at the forefront of commercial technologies; U.S. exports are disproportionately from sectors that rely extensively on scientific and...

The problem with the income tax system is not that the typical family pays too much tax but rather that Washington has made the tax code numbingly complex, wasteful, and irrational.

In a new AEI Press book, Christian Broda and David E. Weinstein demonstrate that the consumer price index ignores two important sources of prosperity for American households.

Prices, Poverty, and Inequality offers an accurate--and encouraging--picture of economic well-being in the United States.