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Wealth, Poverty and Politics: An International Perspective is a book by American economist and social theorist Thomas Sowell. It was originally published by Basic Books in 2015, with an updated version published in 2016.
Thomas Sowell (/ s oʊ l / SOHL; born June 30, 1930) is an American economist, economic historian, social philosopher and political commentator. He is a senior fellow at the Hoover Institution . [ 1 ] [ 2 ] With widely published commentary and books—and as a guest on TV and radio—he is a well-known voice in the American conservative ...
Sowell, a Black man who overcame abject poverty and constant discrimination, served our nation as a Marine during the Korean war. He took night classes at Howard University while working odd jobs.
In the collection's third essay, Sowell reviews the history of slavery. Contrary to popular impression, which blames Western society and white people as the culprits, Sowell argues that slavery was a universal institution accepted and embraced by nearly all human societies.
In these highlights from a 2011 interview with Hudson Institute's Peter Robinson, economist Thomas Sowell talks about race and culture, income disparity, and education and academia. Video Images ...
Sowell makes three basic arguments. First, he examines the economic impact of slavery, in the United States, the West Indies, and elsewhere.He distinguishes rural slavery from urban slavery, and circumstances in which blacks so predominated that many economic tasks fell to them of necessity, from circumstances in which blacks were punished for initiative and the development of skills.
Sowell's book has been published both with and without the subtitle "Ideological Origins of Political Struggles". Steven Pinker's book The Blank Slate calls Sowell's explanation the best theory given to date. [2] In his book, Pinker refers to the "unconstrained vision" as the "utopian vision" and the "constrained vision" as the "tragic vision". [3]
In 2008, the wealth gap in terms of percentage of total income in the United States between the top 1% and 5% was 7% and the gap between the top 1% and top 10% was 9%. This is an 11% reversal from the respective percentage shares of income held by these groups in 1963. Income inequality clearly accelerated beginning in the 1980s.