Russ Roberts Interviews Thomas Sowell on subjects from his book Economic Facts and Fallacies.
Contents
0:00 Russ and Sowell discuss income distribution and ask whether household income has increased over time.
8:27 Topics discussed include: the problems with the phrase 'distribution of income', and the role of society in the economy. As well as the controversy over corporate and CEO pay.
16:47 The conversation turns to inequality between the races and sexes, and examines discrimination as a cause of inequality. As well as examining the effect of anti discrimination laws on poverty.
33:10 Topics covered are; the appeal of equality, the role intellectuals play in promoting it and their reasons for doing so. As well as assessing the role that multi-national corporations play in causing poverty
42:01 Topics covered include; how economic thinking requires looking beyond immediate consequences to secondary consequences and why this is ignored, and an examination of the role raw materials and natural resources play in the wealth of a nation.
51:15 Topics covered include; economic planning and knowledge with reference to F.A. Hayek's article The Use Of Knowledge in Society, and discuss why utopian visions continue to thrive.
59:56 Roberts and Sowell finish up with a discussion on the desirability of immigration.
Links
For more on sexual discrimination see
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Or for both racial and sexual discrimination see
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The PDF of the Intellectuals and Socialism can be found at
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Economics in One Lesson
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The text of of Hayeks Article The Use of Knowledge in Society can be found at
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& the PDF can be found at
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More econ talk can can be found at
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For more on Thomas Sowell visit his website at
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