Economics Guru
Thomas Sowell




Thomas Sowell is an American economics guru, social theorist, political philosopher and author.

He writes as an advocate of the free market system, his political views are often labeled as Libertarian.

Thomas Sowell has won several awards for his books and essays in economics and is currently a senior fellow of the Hoover Institution at Stanford University.

In the short video above, Thomas Sowell explains his ideology.

Biography

Thomas Sowell was born June 30, 1930 in Gastonia, North Carolina. For a young African-American boy, Sowell had a very hard childhood, his father died before he was born, and Sowell's mother, a maid, already had four children. He was later adopted by his great-aunt.

When Sowell was eight, his family moved from North Carolina to a neighborhood in Harlem, New York.  He became the first in his family to have an education beyond sixth grade by attending High School.

However, due to a deteriorating home environment and financial problems, he was forced to dropped out of high school at the age 17.

Shortly after leaving high school, he tried out for the Brooklyn Dodgers. He did not do so well, in fact he did so poorly fielding in the tryout, they sent him home without letting him him hit.

At the age of 21, Sowell was drafted into the Korean War, he was assigned to be a photographer in the US Marine Corps.

After he was discharged from the Marines, he attended night classes at Howard University despite the fact that he did not graduate from high school.

His high grades on College Board exams and recommendations by his professors helped him to be accepted by Harvard University.

In 1958 he graduated, with a Bachelor of Arts degree in economics.

In addition, he received a Master of Arts in economics from Columbia University in 1959 and a PhD. in economics from the University of Chicago in 1968.

In the video to the left, Thomas Sowell talks about growing up in Harlem and his time in College.

Thomas Sowell has taught economics at Howard University, Cornell, Amherst College, and UCLA.

Since 1980 he has been a Senior Fellow of the Hoover Institution at Stanford University, where he holds a fellowship named after Rose and Milton Friedman, his mentor.


The Free Markets

Early in his writing career, Thomas Sowell stated that he was a Marxist and approved of Marxian economics.

These beliefs changed after he worked as an intern for the federal government in the summer of 1960. He rejected the Marxist views of economics in favor of free market economics and principles.

During his work as a government intern, Sowell discovered a correlation between the rise of mandated minimum wages for workers in the sugar industry and the rise of unemployment in that industry.

Studying the patterns led him to theorize that the politicians who passed the minimum wage laws cared more about their own jobs than the plight of the poor.

In the video to the right, Mr. Sowell describes the fallacies in today's government statistics.

Among his many works advocating the "Free Market;" He wrote in a 2002 article in, Capitalism Magazine: Titled - From Marxism to Free Market

"Anyone who saw the contrast between East Berlin and West Berlin, back in the days when half the city was controlled by the Communists, can have no doubts as to which system produces more economic benefits for ordinary people.

Even though the people in both parts of the city were of the same race, culture and history, those living under the Communists were painfully poorer, in addition to having less freedom."




This link will take you to Economics Guru - Thomas Sowell's website www.tsowell.com


Books


Economics Guru - Thomas Sowell's Articles & Commentary

Note:  All of these articles were first posted on the Homepage.


Thomas Sowell - Random Thoughts

A Return to Keynes? by Thomas Sowell

Destroying Household Jobs by Thomas Sowell

Minimum Wage Madness: Part I by Thomas Sowell

Minimum Wage Madness: Part II by Thomas Sowell

Can It Happen Here? by Thomas Sowell

Guns and Pensions by Thomas Sowell

Prophets and Losses by Thomas Sowell

Prophets and Losses: Part II by Thomas Sowell

The Role of 'Educators' by Thomas Sowell

Inflation - "Taxing the Poor" by Thomas Sowell

Fiscal Cliff Notes by Thomas Sowell

An Overdue Book by Thomas Sowell

Killing the Goose by Thomas Sowell

An Economic 'Plan'?

A Rational Discussion of the Federal Budget

Playing With Words

Promises from Liars (commentary from Thomas Sowell)

Random Thoughts

The 'Fairness' Fraud

The Progressive Legacy: Part I

The Progressive Legacy: Part II

The Progressive Legacy: Part III

Getting Nowhere, Very Fast

Kodak and the Post Office

Alice in Liberal Land

Numbers Games




Return from the Economics Guru - Thomas Sowell page and go back to

the Investing Gurus page


OR

For the Best Bullion Market News...


Visit the Homepage






Protected by Copyscape
Written Permission Must Be Received to Reproduce
For Source of Information Purposes: Please Give a Return Link







Free Bullion Investment Guide



FWT Homepage Translator


Donate with
PayPal or Credit Card


NANO Cancer Awareness Ribbon for the Free Bullion Investment Guide

This Guide Donates Half of its Earnings
to

St. Jude Children's Cancer Research Hospital




The History of St. Jude Children's Research Hospital




Who is Saint Jude Thaddaeus

Saint Jude Thaddaeus



This Guide's Contributions to those Battling Cancer
since March 2012
$4,798.86


Next Ledger Entry 12/11/2017

Last Ledger Entry 11/11/2017


Ledger History Spreadsheet




Time-line of Who this Guide has Sponsored

2012 - 2017





recent guide updates

Homepage Bullion News updated daily - around 8pm

(except Saturdays)




Updated

Mexican Bullion

2017 - Mexican Silver & Gold Libertad Mintages




Journal / Ledger Entry




Latest Blog Post

11/07

The Dollar is Trading in a Negative Pattern Despite its Positive News UPDATE

The Dollar is Trading
in a Negative Pattern
Despite its Positive News -
UPDATE


Precious Metals Review and Outlook




Latest Blog Post

11/05

gold nano ribbon

Gold Nanoparticle Cancer Research News - #2


The 2nd in a series of Updates about the Latest News and Information on Gold Nanoparticle Cancer Research




Updated

America the Beautiful 5 oz. Silver Bullion Coin

5oz. Silver 'America the Beautiful' bullion coin page




Australian 1oz. Silver Kangaroo Bullion Coin

Australian 1 oz. Silver Kangaroo - Added




Australian 1oz. Platinum Kangaroo Bullion Coin

Australian 1 oz. Platinum Kangaroo - Added




Australian Bullion page

and

All Australian Bullion Coins - updated

Australian Bullion



Care Givers Awareness Gold Nano Ribbon

Cancer Awareness Information & Resources page

Note: Updates are listed in the Order that the Update was made.








Affiliates

50% of the Guide's Affiliate Sales Commissions are Donated to Cancer Research Utilizing Gold Nano-Particles






Walter Williams &
Thomas Sowell -
Discuss the Minimum Wage
Expand Screen to see Video Better




Basic Economics 1 of 5
Expand Screen to see Video Better




Basic Economics 2 of 5
Expand Screen to see Video Better




Basic Economics 3 of 5
Expand Screen to see Video Better




Basic Economics 4 of 5
Expand Screen to see Video Better




Basic Economics 5 of 5
Expand Screen to see Video Better




Thomas Sowell - Welfare
Expand Screen to see Video Better