Homepage / Wise Investors: Free Market Capitalists / Thomas Sowell





Economist
Thomas Sowell

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

He writes as an advocate of the free market system; his political views vary between Conservative and Libertarian.

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

In the short video above, Thomas Sowell explains his thoughts on Government Economic Intervention.


Expand Video for Better View



Biography

Thomas Sowell was born June 30, 1930 in Gastonia, North Carolina.

His father died before he was born, leaving behind Sowell's mother, a housemaid who already had four children. A great-aunt and her two grown daughters adopted Sowell and raised him.

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 drop out of high school at age seventeen.

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

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

After he received his honorably discharge from the Marines, he attended night classes at Harvard University.

Thomas Sowell graduated from Harvard University in 1958 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 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."



Thomas Sowell's website : www.tsowell.com



Economist - 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




Other pages, on this Guide, that you
may like...



Johnson Matthey

Bullion Refiner

Johnson Matthey


money metals exchange





Small Affiliate Logo - SilverGoldBull - SGB


Royal Canadian Mint


Wire Transfers

explained...

wired earth






Home Page

FBIG - Home Page Screenshot

with Bullion Market News









handwarmer



Bretton Woods

Establishing the Gold Standard of the

20th Century

Bretton Woods



Small Affiliate Logo - Walmart



cancer research




For Bullion Market News...


Visit the Homepage







Please Donate to
Support this Guide

& Paypal

Thank You for
Your Support







Free Bullion Investment Guide







Free-Bullion-Investment-Guide "Search"
search engine by freefind advanced


Search - Magnify Glass






Free Bullion Investment Guide



Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.

Affiliate Links - Disclosure


SilverGoldBull





Donate to
Keep this Guide Online

& Paypal

Thank You for
Your Support




Free Bullion Investment Guide



search

   Search the Guide

search engine by freefind advanced




recent guide updates

Daily

Bullion News on the Homepage



PAMP

Refiner page

PAMP Gold



Heraeus Refiner page

Heraeus



January 2025

Newsletter




Johnson Matthey Refiner page

Johnson Matthey



Engelhard Refiner page

Silver Engelhard Round



2025
Gold & Silver Chinese Panda

Gold Pandas

2025 30gram Chinese Gold Panda Bullion Coin - Reverse Side

Silver Panda

2025 30gram Chinese Silver Panda Bullion Coin - Reverse Side



Gold Buying Guide

Gold Buying Guide



The Perth Mint & Australian Bullion

The Perth Mint and Australian Bullion



The Royal Mint &
United Kingdom Bullion Coins

Royal Mint - The Original Maker





Archangel Raphael
~
The Angel of Healing

ArchAngel Raphael - 05



Cancer Awareness Information & Resources

Cancer Awareness Month Ribbon with FBIG Gold-Nano Logo



Help Us Expand our Audience by forwarding our link

www.free-bullion-investment-guide.com.

Thank You!



December's

Best News

The Top 29 Silver-producing Countries Silver Mining Leaders Revealed - Silver Hall of Fame

Video: Federal Reserve Chair Powell speaks at the New York Times DealBook Summit - Metal Mine (The New York Times)

Report: Monthly Gold Compass: December 2024 - incrementum

Gold's long-term expected return - World Gold Council

Why Gold Investing Wins the 21st Century So Far - Bullion Vault

El Salvador could be 'sitting on a gold mine' with $3 trillion in unmined gold - The Jerusalem Post

Unless you’re on a suicide mission with your wealth this is probably a good time to take a few chips off the table. - Economic Prism

Report: Gold 2025 Outlook: More Room to Run - State Street Global Advisors

MKS PAMP Introduces New Cast Bars Design Leveraging Pioneering AI-Powered Technology - MKS PAMP

How Gold Became One of the World's Favorite Assets - CMEgroup

(.pdf) Report: Hereaus Precious Metals Forecast for 2025 - Heraeus

The True Driver of Gold's Historic Rise - Daily Wealth

Mysterious 1,800-year-old silver amulet discovered in Germany could rewrite the history of Christianity in Europe - Fully translated – never before read by 21st century humans until now - Daily Mail

America’s FIRST Great Investor - Money and Markets

Gold Nanoparticle Cancer Research

Gold-based drug slows cancer tumor growth by 82%, outperforms chemotherapy - Interesting Engineering (msn)

Sona Nanotech's THT Cancer Studies Demonstrates Strong Efficacy in Third Preclinical Study and Plans for First-in-human Early Feasibility Study - Investing News Network (INN)


All Articles were Originally Posted on the Homepage