Noted: Still, a sense of opportunity is in the air. In “Wealth and Welfare States,” published during the depths of the Great Recession, Irwin Garfinkel of Columbia University, Lee Rainwater of Harvard and Timothy Smeeding of the University of Wisconsin-Madison suggested the United States was ultimately likely to fall into line with the rest of the advanced industrial world — for the simple reason that they all face similar challenges.
Office of Strategic Communication