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In 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.

Product Details :

Genre Book : Political Science
Author Book : Thomas Sowell
Publisher : Basic Books
Release Book : 2016-09-06
Download Book : 576 Pages
ISBN-10 : 9780465096770


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A revised and enlarged edition of Thomas Sowell's essential examination of differences of wealth and income between nations and within nations Wealth, Poverty and Politics challenges the assumptions, the definitions, the evidence and the reasoning of most of what is said about differences of income and wealth by people in the media, in academia and in politics. After an extensive examination of factors behind the economic differences between nations and within nations -- including geographic, demographic, cultural and political factors -- the last section of the book is a searching critique of leading income redistributionists, from John Rawls to Thomas Piketty and Nobel laureates in economics Paul Krugman, Angus Deaton and Joseph Stiglitz. Among the more heartening findings from history are the individuals, groups and nations that have risen from poverty and backwardness to prosperity and achievements on the frontiers of human progress. Among the more painful findings are counterproductive creeds and policies that have needlessly prolonged poverty and dependency among lagging groups in countries around the world, and whipped up resentments -- and sometimes violence -- against more productive and successful minorities in many places and times. Although Wealth, Poverty and Politics offers many new analyses and insights, it is essentially a fact-based study which subjects many beliefs, from various parts of the ideological spectrum, to the ultimate test of empirical evidence. These challenged beliefs about the causes of economic differences range from genetic determinism to exploitation and discrimination. In each case, the analysis follows where the facts lead, whether that is verification, refutation or some combination of the two. Its guiding principle is expressed in a quotation from the late Daniel Patrick Moynihan that opens the final section of the book: "You're entitled to your own opinions, but you're not entitled to your own facts."

Product Details :

Genre Book : Business & Economics
Author Book : Thomas Sowell
Publisher : Hachette UK
Release Book : 2016-09-06
Download Book : 576 Pages
ISBN-10 : 9780465096770


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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.

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Genre Book :
Author Book : Thomas Sowell
Publisher :
Release Book : 2016-09-06
Download Book : 624 Pages
ISBN-10 : 046509676X


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Economic Facts and Fallacies exposes some of the most popular fallacies about economic issues-and does so in a lively manner and without requiring any prior knowledge of economics by the reader. These include many beliefs widely disseminated in the media and by politicians, such as mistaken ideas about urban problems, income differences, male-female economic differences, as well as economics fallacies about academia, about race, and about Third World countries. One of the themes of Economic Facts and Fallacies is that fallacies are not simply crazy ideas but in fact have a certain plausibility that gives them their staying power-and makes careful examination of their flaws both necessary and important, as well as sometimes humorous. Written in the easy-to-follow style of the author's Basic Economics, this latest book is able to go into greater depth, with real world examples, on specific issues.

Product Details :

Genre Book : Business & Economics
Author Book : Thomas Sowell
Publisher : Basic Books
Release Book : 2011-03-22
Download Book : 304 Pages
ISBN-10 : 9780465026302


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This innovative book challenges the most powerful and pervasive ideas concerning political economy, international relations, and ethics in the modern world. Rereading classical authors including Adam Smith, James Steuart, Adam Ferguson, Hegel, and Marx, it provides a systematic and fundamental cultural critique of political economy and critically describes the nature of the mainstream understanding of economics.

Product Details :

Genre Book : Political Science
Author Book : David L. Blaney
Publisher : Routledge
Release Book : 2010-01-04
Download Book : 248 Pages
ISBN-10 : 9781135265045


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How can we make sense of Algeria's post-colonial experience - the tragedy of unfulfilled expectations, the descent into violence, the resurgence of the state? Oil Wealth and the Poverty of Politics explains why Algeria's domestic political economy unravelled from the mid-1980s, and how the regime eventually managed to regain power and hegemony. Miriam Lowi argues the importance of leadership decisions for political outcomes, and extends the argument to explain the variation in stability in oil-exporting states following economic shocks. Comparing Algeria with Iran, Iraq, Indonesia and Saudi Arabia, she asks why some states break down and undergo regime change, while others remain stable, or manage to re-stabilise after a period of instability. In contrast with exclusively structuralist accounts of the rentier state, this book demonstrates, in a unique and accessible study, that political stability is a function of the way in which structure and agency combine.

Product Details :

Genre Book : Business & Economics
Author Book : Miriam R. Lowi
Publisher : Cambridge University Press
Release Book : 2009-11-12
Download Book : 228 Pages
ISBN-10 : 9780521113182


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Product Details :

Genre Book : Religion
Author Book : Chad Brand
Publisher : Kregel Academic & Professional
Release Book : 2013
Download Book : 905 Pages
ISBN-10 : 0825443040


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The World Bank and other multilateral development banks (MDBs) carry out their mission to alleviate poverty and promote economic growth based on the advice of professional economists. But as Sarah Babb argues in Behind the Development Banks, these organizations have also been indelibly shaped by Washington politics—particularly by the legislative branch and its power of the purse. Tracing American influence on MDBs over three decades, this volume assesses increased congressional activism and the perpetual “selling” of banks to Congress by the executive branch. Babb contends that congressional reluctance to fund the MDBs has enhanced the influence of the United States on them by making credible America’s threat to abandon the banks if its policy preferences are not followed. At a time when the United States’ role in world affairs is being closely scrutinized, Behind the Development Banks will be necessary reading for anyone interested in how American politics helps determine the fate of developing countries.

Product Details :

Genre Book : Political Science
Author Book : Sarah Babb
Publisher : University of Chicago Press
Release Book : 2009-08-01
Download Book : 336 Pages
ISBN-10 : 9780226033679


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A collection of essays that discusses such issues as the media, immigration, the minimum wage and multiculturalism.

Product Details :

Genre Book : Political Science
Author Book : Thomas Sowell
Publisher : Hoover Press
Release Book : 2020-06-18
Download Book : 278 Pages
ISBN-10 : 9780817995836


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Product Details :

Genre Book : Social Science
Author Book : Gordon Tullock
Publisher : Wiley-Blackwell
Release Book : 1988-01-01
Download Book : 209 Pages
ISBN-10 : 0631151133