Intended AudienceTrade
Reviews"A true gem in terms of exposing the demagoguery and sheer ignorance of politicians and intellectuals in their claims about wealth and poverty.... Dr. Sowell's new book tosses a monkey wrench into most of the things said about income by politicians, intellectuals and assorted hustlers, plus it's a fun read."-- Prof. Walter E. Williams, George Mason University , Townhall
Edition DescriptionRevised edition
SynopsisIn Wealth, Poverty, and Politics , Thomas Sowell, one of the foremost conservative public intellectuals in this 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 on the left, Sowell draws on accurate 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., In Wealth, Poverty, and Politics , Dr. Thomas Sowell of the Hoover Institution, Stanford University, examines the reasons for large differences in income and wealth between nations and among groups within nations. A wide range of geographic, demographic, cultural, and political factors are examined, not to find a single factor or a single combination of factors that will explain all economic differences, but to show how particular combinations of factors limit or expand the possibilities for specific nations and peoples at specific times and places.Dr. Sowell also examines some popular explanations of these differences and shows why they will not stand up under scrutiny. In doing so, he takes on some of the reigning titans of the redistributionist movement,including John Rawls, Thomas Piketty, Paul Krugman, and Joseph Stiglitz,and shows how a remarkable number of their claims cannot withstand plain common sense, expressed in plain English.