The 1st edition of Thomas Sowell’s Basic Economics, published back in 2000, came in at 366 pages. The book has proven so popular that the 5th edition, release late last year, has ballooned to 689 pages. Sowell recently sat down for a lengthy interview, and in part three he talks about the new topics in his book, including inequality, human capital, imperialism and non-profits. Click the following for part one and part two of the interview.
David Hogberg: In the newest edition of Basic Economics, you include a chapter on international disparities on wealth, and right off the bat you ask in that chapter, “A more fundamental question might be: Was there ever any realistic chance that the nations of the word would have had similar prospects of economic development?” Can you expand on that?
Thomas Sowell: For starters, different races originated in different geographic settings. Those settings were never the same. There was never any reason then that the people who developed in those different places would be the same…..To Read More….