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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.
Hardcover: 576 pages
Publisher: Basic Books; 2 edition (September 6, 2016)
Language: English
ISBN-10: 046509676X
ISBN-13: 978-0465096763
Product Dimensions: 6.1 x 1.8 x 9.2 inches
Shipping Weight: 1.8 pounds (View shipping rates and policies)
Average Customer Review: 4.0 out of 5 stars See all reviews (1 customer review)
Best Sellers Rank: #10,038 in Books (See Top 100 in Books) #3 in Books > Textbooks > Business & Finance > Economics > Economic Theory #7 in Books > Textbooks > Social Sciences > Political Science > Public Policy #11 in Books > Politics & Social Sciences > Politics & Government > Specific Topics > Political Economy
Thomas Sowell’s latest book, published in 2015 and now revised a year later, is the usual tour-de-force. It’s not so much that there’s anything startlingly new (although there are some interesting new statistics and several new lines of thought), but that Sowell has a unique ability to clearly and concisely bring together an analysis. In this case, that analysis is of “why are outcomes different for different people?” Sowell writes in opposition to the current vogue for equating differential outcomes with differential justice resulting from “malign actions by others,” with negative nods to Thomas Piketty, John Rawls and a wide range of similar social justice warriors.This is the second edition of this book, with the original subtitle “An International Perspective” replaced by “Revised And Enlarged Edition.” I do not think the expansion is an improvement. Certainly the book is still excellent, but longer is not always better. The original was pithy; this edition is too often wordy without added benefit.I have read both editions and compared them; while I have not done a line-by-line comparison, it appears the additions come in two areas. First, a substantial addition of statistics and data points in every area, in particular related to the United States (whence, presumably, comes the dropping of the “International Perspective,” although there is still plenty of that). Probably he does this because one of his re-emphasized points in this edition is the frequent failure of his opponents to address the empirical data (and, as he complains, frequently hide from view the raw data they claim support them). Second, he puts additional emphasis and discussion on the failures of genetic determinism.
Changing Poverty, Changing Policies (Institute for Research on Poverty Series on Poverty and Public Policy) Wealth, Poverty and Politics: An International Perspective Wealth, Poverty and Politics Index Funds: Index Funds Investing Guide To Wealth Building Through Index Funds Investing With Index Funds Investing Strategies For Building Wealth Including ... Guide To Wealth Building With Index Funds) The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor Simple Wealth, Inevitable Wealth: How You and Your Financial Advisor Can Grow Your Fortune in Stock Mutual Funds Goals-Based Wealth Management: An Integrated and Practical Approach to Changing the Structure of Wealth Advisory Practices (Wiley Finance) Rich Dad Advisors: Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes The Color of Wealth: The Story Behind the U.S. Racial Wealth Divide Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors) Policy and Politics in Nursing and Healthcare - Revised Reprint, 6e (Mason, Policy and Politics in Nursing and Health Care) Latino Politics in America: Community, Culture, and Interests (Spectrum Series: Race and Ethnicity in National and Global Politics) The Intimate Universal: The Hidden Porosity Among Religion, Art, Philosophy, and Politics (Insurrections: Critical Studies in Religion, Politics, and Culture) Health Policy And Politics: A Nurse's Guide (Milstead, Health Policy and Politics) Global Supply Chains: Evaluating Regions on an EPIC Framework - Economy, Politics, Infrastructure, and Competence: "EPIC" Structure - Economy, Politics, Infrastructure, and Competence Barron's AP U.S. Government and Politics, 9th Edition (Barron's AP United States Government & Politics) Analyzing Politics: Rationality, Behavior and Instititutions, 2nd Edition (New Institutionalism in American Politics) The Politics of Resentment: Rural Consciousness in Wisconsin and the Rise of Scott Walker (Chicago Studies in American Politics) Politics after Neoliberalism: Reregulation in Mexico (Cambridge Studies in Comparative Politics) Why Nations Fail: The Origins of Power, Prosperity, and Poverty
