On our December 19, 2014 episode, we will interview Dr. Thomas Sowell, the most famous (and we think best) living economist, social theorist, political philosopher, and author. His appearance on TSOE coincides with the release of a new edition of his international best seller on economics, Basic Economics – 5th Edition (Basic Books, December 2014).
In this soon-to-be released volume, Sowell revises and updates his popular book on common sense economics, bringing the world into clearer focus through an understanding of the fundamental economic principles that influence our lives.
Sowell shows how to critique economic policies in terms of the incentives they create – rather than the goals they proclaim. This is a universal truth for all economic systems, whether socialist or capitalist or feudal.
In his new chapter on International Disparities in Wealth, Sowell addresses the impact of geographic resources and the role of culture (including human capital) on economic advancement. While disparities in wealth have received international political attention, Sowell employs a common sense prism through which to view the issue.
Dr. Sowell is currently Senior Fellow at the Hoover Institution, Stanford University. Sowell was born in North Carolina, but grew up in Harlem, New York. He dropped out of high school and served in the United States Marine Corps during the Korean War. He received a Bachelor’s degree, graduating magna cum laude from Harvard University in 1958 and a Master’s degree from Columbia University in 1959. In 1968, he earned his Doctorate in Economics from the University of Chicago.
Sowell has served on the faculties of several universities, including Cornell University and University of California, Los Angeles. He has also worked for think tanks such as the Urban Institute. Since 1980, he has worked at the Hoover Institution at Stanford University. He writes from a conservative and classical liberal perspective, advocating free market economics and has written more than thirty books. He is a National Humanities Medal winner.