Wealth, Poverty and Politics

An International Perspective

Author: Thomas Sowell

Publisher: Basic Books

ISBN: 0465096778

Category: Political Science

Page: 576

View: 8935

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.

Wealth, Poverty and Politics

Author: Thomas Sowell

Publisher: Hachette UK

ISBN: 0465096778

Category: Political Science

Page: 576

View: 4831

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.

Wealth, Poverty, and Politics

Author: Thomas Sowell

Publisher: Basic Books (AZ)

ISBN: 9780465082933

Category: Business & Economics

Page: 320

View: 7153

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.

Savage Economics

Wealth, Poverty and the Temporal Walls of Capitalism

Author: David L. Blaney,Naeem Inayatullah

Publisher: Routledge

ISBN: 1135265046

Category: Political Science

Page: 248

View: 7560

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.

Wealth and Poverty

A New Edition for the Twenty-First Century

Author: George Gilder

Publisher: Simon and Schuster

ISBN: 1596988169

Category: Social Science

Page: 256

View: 2799

Hailed as “the guide to capitalism,” the New York Times bestseller Wealth and Poverty by George F. Gilder is one of the most famous economic books of all time and has sold more than one million copies since its first release. In this influential classic, Gilder explains and makes the case for supply-side economics, proves the moral superiority of free-market capitalism, and shows why supply-side economics are more effective at decreasing poverty than government-regulated markets. Now, in this new and completely updated edition of Wealth and Poverty, Gilder compares America’s current economic challenges with her past economic problems–particularly those of the late 1970s–and explains why Obama’s big-government, redistributive policies are doing more harm than good for the poor. Making the case that supply-side economics and free market policies are–and always will be–the answer to decreasing America’s poverty rate and increasing her prosperity, Wealth & Poverty offers solutions to America’s current economic problems and hope to those who fear that our best days are behind us.

Intellectuals and Race

Author: Thomas Sowell

Publisher: Basic Books

ISBN: 0465058728

Category: Political Science

Page: 192

View: 3087

Intellectuals and Race is a radical book in the original sense of one that goes to the root of the problem. The role of intellectuals in racial strife is explored in an international context that puts the American experience in a wholly new light. The views of individual intellectuals have spanned the spectrum, but the views of intellectuals as a whole have tended to cluster. Indeed, these views have clustered at one end of the spectrum in the early twentieth century and then clustered at the opposite end of the spectrum in the late twentieth century. Moreover, these radically different views of race in these two eras were held by intellectuals whose views on other issues were very similar in both eras. Intellectuals and Race is not, however, a book about history, even though it has much historical evidence, as well as demographic, geographic, economic and statistical evidence-- all of it directed toward testing the underlying assumptions about race that have prevailed at times among intellectuals in general, and especially intellectuals at the highest levels. Nor is this simply a theoretical exercise. The impact of intellectuals' ideas and crusades on the larger society, both past and present, is the ultimate concern. These ideas and crusades have ranged widely from racial theories of intelligence to eugenics to "social justice" and multiculturalism. In addition to in-depth examinations of these and other issues, Intellectuals and Race explores the incentives, the visions and the rationales that drive intellectuals at the highest levels to conclusions that have often turned out to be counterproductive and even disastrous, not only for particular racial or ethnic groups, but for societies as a whole.

The Growth Delusion

Wealth, Poverty, and the Well-Being of Nations

Author: David Pilling

Publisher: Tim Duggan Books

ISBN: 052557252X

Category: Business & Economics

Page: 304

View: 5778

A provocative critique of the pieties and fallacies of our obsession with economic growth We live in a society in which a priesthood of economists, wielding impenetrable mathematical formulas, set the framework for public debate. Ultimately, it is the perceived health of the economy which determines how much we can spend on our schools, highways, and defense; economists decide how much unemployment is acceptable and whether it is right to print money or bail out profligate banks. The backlash we are currently witnessing suggests that people are turning against the experts and their faulty understanding of our lives. Despite decades of steady economic growth, many citizens feel more pessimistic than ever, and are voting for candidates who voice undisguised contempt for the technocratic elite. For too long, economics has relied on a language which fails to resonate with people's actual experience, and we are now living with the consequences. In this powerful, incisive book, David Pilling reveals the hidden biases of economic orthodoxy and explores the alternatives to GDP, from measures of wealth, equality, and sustainability to measures of subjective wellbeing. Authoritative, provocative, and eye-opening, The Growth Delusion offers witty and unexpected insights into how our society can respond to the needs of real people instead of pursuing growth at any cost.

Behind the Development Banks

Washington Politics, World Poverty, and the Wealth of Nations

Author: Sarah Babb

Publisher: University of Chicago Press

ISBN: 0226033678

Category: Political Science

Page: 336

View: 3737

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.

Seeking the City

Wealth, Poverty, and Political Economy in Christian Perspective

Author: Chad Brand,Tom Pratt

Publisher: Kregel Academic & Professional

ISBN: 9780825443046

Category: Religion

Page: 905

View: 8028

Economic Facts and Fallacies

Second Edition

Author: Thomas Sowell

Publisher: Basic Books

ISBN: 0465026303

Category: Business & Economics

Page: 304

View: 3649

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.

Discrimination and Disparities

Author: Thomas Sowell

Publisher: Basic Books

ISBN: 1541645626

Category: Business & Economics

Page: 192

View: 1113

An empirical examination of how economic and other disparities arise Economic and other outcomes differ vastly among individuals, groups, and nations. Many explanations have been offered for the differences. Some believe that those with less fortunate outcomes are victims of genetics. Others believe that those who are less fortunate are victims of the more fortunate. Discrimination and Disparities gathers a wide array of empirical evidence from to challenge the idea that different economic outcomes can be explained by any one factor, be it discrimination, exploitation or genetics. It is readable enough for people with no prior knowledge of economics. Yet the empirical evidence with which it backs up its analysis spans the globe and challenges beliefs across the ideological spectrum. The point of Discrimination and Disparities is not to recommend some particular policy "fix" at the end, but to clarify why so many policy fixes have turned out to be counterproductive, and to expose some seemingly invincible fallacies--behind many counterproductive policies.

The Creation of Wealth and Poverty

Means and Ways

Author: Hassan Bougrine

Publisher: Routledge

ISBN: 1317596870

Category: Business & Economics

Page: 166

View: 6650

There is a failure of governments to provide the citizens of developing countries with the necessary ingredients for growth and development. This can only be explained by their inability to secure the sources of financing which ultimately allow them to "command" these ingredients. The Creation of Wealth and Poverty is a study of the means and ways by which wealth and poverty are created in both developed and developing countries. It puts a particular emphasis on the role played by economic policy in shaping the stratification of modern societies through specific programmes dealing with issues of job creation, poverty and environmental degradation. This book is concerned with the social effects of the ongoing crisis in finance, development and the environment. By focusing on the political, legal and financial institutions that govern society and the economy, the book provides an analysis of wealth and poverty from a historical perspective. It shows how economic and social policies of the neoliberal model have led to a rise in unemployment, poverty and inequality and, therefore, made societies more polarized. This volume will be of great interest to policymakers, academics and students who study political economy, development economics and macroeconomics.

A Conflict of Visions

Ideological Origins of Political Struggles

Author: Thomas Sowell

Publisher: Basic Books

ISBN: 0465004660

Category: History

Page: 352

View: 2319

In this classic work, Thomas Sowell analyzes the two competing visions that shape our debates about the nature of reason, justice, equality, and power: the "constrained” vision, which sees human nature as unchanging and selfish, and the "unconstrained” vision, in which human nature is malleable and perfectible. He describes how these two radically opposed views have manifested themselves in the political controversies of the past two centuries, including such contemporary issues as welfare reform, social justice, and crime. Updated to include sweeping political changes since its first publication in 1987, this revised edition of A Conflict of Visions offers a convincing case that ethical and policy disputes circle around the disparity between both outlooks.

The Housing Boom and Bust

Author: Thomas Sowell

Publisher: ReadHowYouWant.com

ISBN: 145960931X

Category:

Page: 368

View: 3899

Scary headlines and scarier statistics tell the story of a financial crisis on a scale not seen in decades - certainly not within the lifetime of most Americans. Moreover, this is a worldwide financial crisis. Financial institutions on both sides of the Atlantic have either collapsed or have been saved from collapse by government bailouts, as a result of buying securities based on American housing values that eroded or evaporated.Now completely revised in paperback, The Housing Boom and Bust is designed to unravel the tangled threads of that story. It also attempts to determine whether what is being done to deal with the problem is more likely to make things better or worse.

Wealth And Poverty Of Nations

Author: David S. Landes

Publisher: Hachette UK

ISBN: 0349141444

Category: Social Science

Page: 672

View: 6255

The history of nations is a history of haves and have-nots, and as we approach the millennium, the gap between rich and poor countries is widening. In this engrossing and important new work, eminent historian David Landes explores the complex, fascinating and often startling causes of the wealth and poverty of nations. The answers are found not only in the large forces at work in economies: geography, religion, the broad swings of politics, but also in the small surprising details. In Europe, the invention of spectacles doubled the working life of skilled craftsmen, and played a prominent role in the creation of articulated machines, and in China, the failure to adopt the clock fundamentally hindered economic development. The relief of poverty is vital to the survival of us all. As David Landes brilliantly shows, the key to future success lies in understanding the lessons the past has to teach us - lessons uniquely imparted in this groundbreaking and vital book which exemplifies narrative history at its best.

Why Nations Fail

The Origins of Power, Prosperity, and Poverty

Author: Daron Acemoglu,James A. Robinson

Publisher: Crown Books

ISBN: 0307719227

Category: Business & Economics

Page: 529

View: 4112

An award-winning professor of economics at MIT and a Harvard University political scientist and economist evaluate the reasons that some nations are poor while others succeed, outlining provocative perspectives that support theories about the importance of institutions. Reprint.

Measuring Multidimensional Poverty and Deprivation

Incidence and Determinants in Developed Countries

Author: Roger White

Publisher: Springer

ISBN: 3319583689

Category: Political Science

Page: 272

View: 7961

This edited collection provides a comprehensive examination of multidimensional poverty for a wide variety of economies and societies, with a general focus on multidimensional poverty in developed countries, where poverty is often overlooked. Arguing that income- and consumption-based poverty measures cannot provide a full picture of the presence and extent of poverty, the contributors suggest new ways to structure assessment indexes. Complementing the discussion of new rubrics, a series of single-country and comparative examples from Europe and the United States examine variation in multidimensional poverty incidence and the extent of deprivation. This combination of methodology and application will appeal to academics, researchers, and policymakers alike.

The Thomas Sowell Reader

Author: Thomas Sowell

Publisher: Basic Books

ISBN: 0465022502

Category: Political Science

Page: 449

View: 3160

Selections from the writings of Thomas Sowell over a half century cover social, economic, cultural, legal, educational, and political issues, ranging from late-talking children to tax cuts, baseball, race, war, medical care, and the rhetoric of politicians.

Knowledge And Decisions

Author: Thomas Sowell

Publisher: Basic Books

ISBN: 9780465037384

Category: Law

Page: 448

View: 4862

With a new preface by the author, this reissue of Thomas Sowell's classic study of decision making updates his seminal work in the context of The Vision of the Annointed, Sowell, one of America's most celebrated public intellectuals, describes in concrete detail how knowledge is shared and disseminated throughout modern society. He warns that society suffers from an ever-widening gap between firsthand knowledge and decision making—a gap that threatens not only our economic and political efficiency, but our very freedom because actual knowledge gets replaced by assumptions based on an abstract and elitist social vision f what ought to be.Knowledge and Decisions, a winner of the 1980 Law and Economics Center Prize, was heralded as a ”landmark work” and selected for this prize ”because of its cogent contribution to our understanding of the differences between the market process and the process of government.” In announcing the award, the center acclaimed Sowell, whose ”contribution to our understanding of the process of regulation alone would make the book important, but in reemphasizing the diversity and efficiency that the market makes possible, [his] work goes deeper and becomes even more significant.”

A New Introduction to Poverty

The Role of Race, Power, and Politics

Author: James Jennings

Publisher: NYU Press

ISBN: 0814742386

Category: Political Science

Page: 330

View: 2510

Visit the author's YouTube channel! When high school basketball player LeBron James was selected as the top pick in the National Basketball Association draft of 2003, the hopes of a half-million high school basketball players soared. If LeBron could go straight from high school to the NBA, why couldn't they? Such is the allure of basketball for so many young African American men. Unfortunately, the reality is that their chances of ever playing basketball at the professional, or even college, level are infinitesimal. In Living Through the Hoop, Reuben A. Buford May tells the absorbing story of the hopes and struggles of one high school basketball team. With a clear passion for the game, May grabs readers with both hands and pulls them onto the hardwood, going under the hoop and inside the locker room. May spent seven seasons as an assistant coach of the Northeast High School Knights in Northeast, Georgia. We meet players like Larique and Pooty Cat, hard-working and energetic young men, willing to play and practice basketball seven days a week and banking on the unlimited promise of the game. And we meet Coach Benson, their unorthodox, out-spoken, and fierce leader, who regularly coached them to winning seasons, twice going to the state tournaments Elite Eight championships. Beyond the wins and losses, May provides a portrait of the players’ hopes and aspirations, their home lives, and the difficulties they face in living in a poor and urban area — namely, the temptations of drugs and alcohol, violence in their communities, run-ins with the police, and unstable family lives. We learn what it means to become a man when you live in places that define manhood by how tough you can be, how many women you can have, and how much money you can hustle. May shows the powerful role that the basketball team can play in keeping these kids straight, away from street-life, focused on completing high school, and possibly even attending college. Their stories, and the double-edged sword of hoop dreams, is at the heart of this compelling story about young African American men’s struggle to find their way in an often grim world.