Economist Thomas Sowell on Sound Economic Principles

Thomas Sowell is a favorite of mine. He is quite established:

.Senior Fellow, Hoover Institution, Stanford University, September 1980–present
.Professor of Economics, UCLA, July 1974–June 1980
.Visiting Professor of Economics, Amherst College, September–December 1977
.Fellow, Hoover Institution, Stanford University, April–August 1977
.Fellow, Center for Advanced Study in the Behavioral Sciences, July 1976–March 1977
.Project Director, The Urban Institute, August 1972–July 1974
.Associate Professor of Economics, UCLA, September 1970–June 1972
.Associate Professor of Economics, Brandeis University, September 1969–June 1970
.Assistant Professor of Economics, Cornell University, September 1965–June 1969
.Economic Analyst, American Telephone & Telegraph Co., June 1964–August 1965
.Lecturer in Economics, Howard University, September 1963–June 1964
.Instructor in Economics, Douglass College, Rutgers University, September 1962–June 1963
.Labor Economist, U.S. Department of Labor, June 1961–August 1962

In 1990, he won the Francis Boyer Award, presented by the American Enterprise Institute. In 2002, Sowell was awarded the National Humanities Medal for prolific scholarship melding history, economics, and political science. In 2003, he was awarded the Bradley Prize for intellectual achievement.

A Marxist at one point of his life, Sowell worked as a federal government intern during the summer of 1960 that led him to reject Marxism, and he changed his economic view to one that was in favor of free market economic principles.

The below videos, one about the causes and enablers of the Great Depression, and the other discussing Obama's failed Keynesian economic theories and how they relate back to Franklin Delano Roosevelt, reveal the dangerous economic path we are on.

History shows us what succeeds and what fails. Scientists, after a hypothesis is proven to be a failure, abandon the research for failed projects. Democrats, however, refuse to learn from the failings of their agenda, and continue to push their madness until our society as a whole approaches the brink of financial collapse. If we are not educated about what works, we too will fall for their ways of failed policies.





Thank you, DrScoundrels

-- Political Pistachio Conservative News and Commentary