ON-Lion Letter

In his new book Wealth, Poverty and Politics:  An International Perspective, Bradley Prize recipient Thomas Sowell -- one of the foremost conservative public intellectuals in this country -- argues that political and ideological struggles have led to dangerous confusion about income inequality in America.  Pundits and politically motivated economists trumpet ambiguous statistics and sensational theories, while ignoring the true determinant of income inequality:  the production of wealth.  We cannot properly understand inequality if we focus exclusively on the distribution of wealth and ignore wealth-production factors such as geography, demography, and culture.

Sowell is the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution, which is also supported by The Lynde and Harry Bradley Foundation in Milwaukee.

In Wealth, Poverty and Politics, from Basic Books, he contends that liberals have a particular interest in misreading the data and chastises them for using income inequality as an argument for the welfare state.  Refuting Thomas Piketty, Paul Krugman, and others, Sowell draws on accurate empirical data to show that the inequality is not nearly as extreme or sensational as we have been led to believe.

Transcending partisanship through a careful examination of data, Sowell reveals the truth about the most-explosive political issue of our time.

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