Acton Institute Powerblog Archives

Post Tagged 'Thomas Sowell'

February 21, 2025

The Tattered History of Tariffs

Much like bell-bottom jeans, tariffs are making a comeback. President Trump imposed tariffs on about $380 billion in products in his first term. The Biden administration kept most of those tariffs, then expanded them for China-made goods, including computer chips, steel, and aluminum—and quadrupled tariffs, from 25% to 100%, on electric vehicles(EVs). Continue Reading...
March 07, 2024

The Fallacy of Fairness: Sowell’s Critique of Modern Social Justice

Officially retired and well into his 90s, Thomas Sowell shows no signs of intending to stop helping the world understand social questions at the intersection of politics and economics. The keys to comprehending the entirety of Thomas Sowell’s writings lie in three pivotal texts: Say’s Law, A Conflict of Visions, and Knowledge and Decisions. Continue Reading...
May 11, 2022

The Sowell of black America

“Hope has two beautiful daughters; their names are Anger and Courage. Anger at the way things are, and Courage to see that they do not remain as they are.” —Augustine Thomas Sowell is a towering figure in the liberty movement, certainly the most (in)famous “black conservative” of the 20th century. Continue Reading...
December 29, 2016

The end of black conservatism?

On December 27, 2016, at the age of 86, Thomas Sowell published his last column. After publishing dozens of books and hundreds of columns, Dr. Sowell’s retirement may mark the beginning of the end of an era of black intellectuals who were champions of political and economic liberty. Continue Reading...
December 27, 2016

6 Quotes: Sowell on economics and ideas

Over the past few decades, economist Thomas Sowell, age 86, has been one of the most effective, yet under-appreciated, proponents of conservative and libertarian economic thought. He is also one of our most powerful critics of the often destructive and harmful effects of liberal economic policies. Continue Reading...
November 22, 2016

Thomas Sowell on poverty, politics, and the origins of prosperity

“The mundane progress driven by ordinary economic and social processes in a free society becomes dramatic only when its track record is viewed in retrospect over a span of years.” –Thomas Sowell In a recent edition of Uncommon Knowledge, economist Thomas Sowell discusses his latest book, Wealth, Poverty, and Politics, which provides a comprehensive argument for the origins of prosperity. Continue Reading...
January 07, 2014

Trickle-Down Welfare Economics?

Over at NRO, Thomas Sowell takes on what he calls the “lie” of “trickle-down economics.” Thus, writes Sowell, “the ‘trickle-down’ lie is 100 percent lie.” Sowell cites Bill de Blasio and Barack Obama as figures perpetuating the “lie,” along with writers in “the New York Times, in the Washington Post, and by professors at prestigious American universities — and even as far away as India.” Continue Reading...