Thomas Sowell
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"On Classical Economics is a book from which students can learn both history and economics. It is not simply a Cook's tour of colorful personalities of the past but a study of how certain economic concepts and tools of analysis arose, and how their implications were revealed during the controversies that followed. In addition to a general understanding of classical macroeconomics and microeconomics, this book offers special insight into the neglected...
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"This book is about the great moral issues underlying many of the headline-making political controversies of our times. It is not a comforting book but a book about disturbing and dangerous trends. The Quest for Cosmic Justice shows how confused conceptions of justice end up promoting injustice, how confused conceptions of equality end up promoting inequality, and how the tyranny of social visions prevents many people from confronting the actual consequences...
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Written on the the 20th anniversary of the Civil Rights Act of l964, Sowell examines what has been done and is being done in the name of civil rights. Discussing the underlying vision of the civil rights movement, he argues that the movement has moved from the fight to win fundamental rights to win entitlements of those they consider victims of discrimination. Probing into familiar racial issues and women's issues, he believes that what underprivileged...
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In this work the author explains the principles of economics in plain jargon, answering questions like: Why are homeless people sleeping on the sidewalks of New York in the winter, when the abandoned apartment buildings have four times as many dwelling units as there are homeless people in the city? Why did Russians have to import food to feed people in Moscow, when Russia itself had vast amounts of some of the richest farmland in Europe within easy...
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Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed
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This book is the culmination of 15 years of research and travels that have taken the author completely around the world twice, as well as on other travels in the Mediterranean, the Baltic and around the Pacific rim. Its purpose has been to try to understand the role of cultural differences within nations and between nations, today and over centuries of history, in shaping the economic and social fates of peoples and of whole civilizations.
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This book shows the persistence of cultural traits in particular racial and ethnic groups and the role these groups' relocations play in redistributing skills, knowledge, and other forms of "human capital" from where they originated to the four corners of the earth. Each ethnic group has carried forth a particular set of skills, attitudes, and lifestyles, whether settling in Russia, Brazil, Australia, or the United States. What are the effects of...
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"Challenges believers in such one-factor explanations of economic outcome differences as discrimination, exploitation or genetics. It offers its own new analysis, based on an entirely different approach--and backed up with empirical evidence from around the world. The point is not to recommend some particular policy "fix", but to clarify why so many policy fixes have turned out to be counterproductive, and to expose some seemingly invincible fallacies...