In Wealth, Poverty, and Politics, Thomas Sowell, one of the foremost conservative public intellectuals in the country, argues that political and ideological struggles have led to dangerous confusion about income inequality in America. Pundits and politically motivated economists trumpet ambiguous statistics and sensational theories while ignoring the true determinant of income inequality: the production of wealth. We cannot properly understand inequality if we focus exclusively on the distribution of wealth and ignore wealth-production factors such as geography, demography, and culture. Sowell contends that liberals have a particular interest in misreading the data and chastises them for using income inequality as an argument for the welfare state.
Refuting Thomas Piketty, Paul Krugman, and others, Sowell draws on empirical data to show that the inequality is not nearly as extreme or sensational as we have been led to believe. Transcending partisanship through a careful examination of data, Wealth, Poverty, and Politics reveals the truth about the most explosive political issue of our time.
©2015 Thomas Sowell (P)2015 Blackstone Audio, Inc.
Thomas Sowell presents an alternative perspective on economics than what you'll hear from much of the main stream media. It will challenge your assumptions.
The author brings clarity and common sense to questions of importance. If you are interested in the many reasons for social progress, prosperity, inequality and the success or failure of government programs, read this book.
"Liberals may not like but they should read"
This is a great explanation of how affirmative action not based on productivity, causes more hindrance than help.
"A paradigm shift on the subject of equality"
Common Sense. It is a term so reflexively invoked that its true meaning has been diluted and its significance misplaced. But it is with this foundational component that Dr. Sowell concocts all of his brilliant analyses of economic conundrums, many of which are truly not as complex as they have been made out to be.
Wielding the power of Occam's Razor, Wealth, Poverty, and Politics is the latest in this long stream of impactful contributions from Sowell. He is my favorite economist, though if you happen to find yourself deeply embedded within the throes of the intelleligentsia, he could very easily become your least favorite after his crystal-clear interpretations of statistical quagmires effectively shatters everything you thought you knew about current affairs.
Proceed with caution and excitement. Highly Recommended.
"Must read, facts & analysis vs hyperbole & myths"
Great book must read. Gives perspective to conditions today. Provides facts and analysis to support counter arguments to many fallacies circulating in popular culture, politicians, and the media.
"Thomas Sowell what else one need to know?"
brilliant. while a lot of it already covered in his other books, such as culture and conquest, this book is still amazing. I can't recommend it enough and should be required reading.
"Assists in understanding modern cultural movements"
This book uses an information based argument to better understand the driving forces of cultural movements of 2015. The book spends time showing similar movements causes and effects on a global scale.
"A must read."
Amazing book. I read this because my economics class wasn't cutting it. This book gave me a much better understanding of the economics than my teacher.
"Thomas Sowell is a master of clarity."
That's all need be said. But since this review requires 20 words, I will add that he's very skilled at providing both the general overview and interesting, supporting detail
"Great insight on the global economy"
This is one of the top books I've listened to so far... the facts help an individual approach situations on a new level.
I didn't have an extreme reaction, but the book really did make me think of how every situation has two sides to it.
"Slight of Hand With Numbers"
I really enjoyed the first part of the book which described the historic role geographic environments in shaping cultures. At the end of the book, though, the author shifted into a "blame the poor" argument applying out-dated studies on poverty in America to current situations. A study of some selected individuals started many decades ago was used to deny that recent wealth distribution shifts in income exist.
There was a story about Milton Friedman's early years living in a "version of poverty" in a tenement environment long ago. Evidently, he lived in an tenement where everyone was safe, had enough to eat, had many wonderful friends and did not lock their doors at night. This is an example of how the book solves nothing. This is one experience from someone born in 1912 who has passed away. How does this really apply to people living in poverty today?
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