Wealth, Poverty and Politics

Wealth, Poverty and Politics

by Thomas Sowell

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Overview

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

ISBN-13: 9780465096770
Publisher: Basic Books
Publication date: 09/06/2016
Sold by: Hachette Digital, Inc.
Format: NOOK Book
Pages: 576
Sales rank: 557,797
File size: 937 KB

About the Author

Thomas Sowell is a Senior Fellow at the Hoover Institution, Stanford University. He is the author of dozens of books and the recipient of various awards, including the National Humanities Medal, presented by the President of the United States in 2003.

Table of Contents

1. Issues
2. Geographic Factors
3. Cultural Factors
4. Social Factors
5. Political Factors
6. Implications and Prospects

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Wealth, Poverty, and Politics: An International Perspective 5 out of 5 based on 0 ratings. 2 reviews.
Anonymous More than 1 year ago
Explains wealth, poverty and politics not only in America, but throughout world history to the present. Enlightening; should be required reading for college students. All can benefit from this book.
Anonymous More than 1 year ago
Thomas Powell is one of the great geniuses of our time, I highly recommend