See article at Forbes, 15 June 2012.
“Nonetheless, there are billions of people who still live in dire poverty around the world; indeed, by the one-in-a-million math, for the two-and-a-half billion or so people in the world who live on less than $2 per day, it means that there are about 2500 one-in-a-million geniuses who are denied the opportunity to live to their full potential because of an accident of birth. Why are they poor? It isn't because there are a lot of them. It's because, for the most part, they live in countries that lack economic freedom and what Deirdre McCloskey calls Bourgeois Dignity.”