![]() ![]() Thomas halted his school education to join the US Marine Corps during the Korean war. Hoover Institution economist and prolific author talks about the value of economic literacy in formulating better public policy, his writing style and a. In Discrimination and Disparities, Thomas Sowell describes how economists think about the causes of disparities in socioeconomic outcomes. He is among the most influential proponents of supply-side economics globally. ![]() Sowell also presents arguments about the social and economic consequences of minimum wages, and questions of income distribution, mobility, and poverty. Thomas Sowell is an economist, author, intellectual, and political theorist from the United States. It includes discussions about the role of prices, incentives, competition, the consequences of price controls, costs as forgone alternatives, trade-offs and substitutes, taxes, and subsidies. He writes on economics, history, social policy. The revised edition concludes with a new section, Special Economic Issues. Thomas Sowell is the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution. The six main parts of the book cover Prices and Markets, Industry and Commerce, Work and Pay, Time and Risk, The National Economy, and The International Economy. This book is focused on how societies create prosperity or poverty for their people by the way they organize their economies. Basic Economics: Fifth Edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. ![]()
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