second floor

the center for global devlopment publishes a paper that suggests a new measure for wealth. (link from mr). i haven’t read the actual paper yet, but the following passage is from the abstract. something to think about the next time you vote on immigration laws:

migration is one of the most important sources of poverty reduction for a large portion of the developing world. If economic development is defined as rising human well being, then a residence-neutral measure of well-being emphasizes that crossing international borders is not an alternative to economic development, it is economic development.