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Where Have All the Economists Gone? (Racism)


In my previous post, I noted that non-economists who know almost nothing about socialism are the ones who seem to talk about it the most. Whereas economists who know a lot about socialism rarely talk about it at all.  And that’s a problem.
Another area where economists have abandoned public discourse is in discussions about economics and race. Economists know an enormous amount about income and race. They have been studying the subject for years. But when was the last time you saw an economist expressing a public opinion about what all economists know on this subject?
All I have seen lately is what flies under the banner of “critical race theory,” which generally holds that income differences between blacks and whites are due to systemic racism that has evolved over time, dating back to the days of slavery. ....

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Sowell's Long March From Marxism to Free Markets Via Friedman, Hayek


A onetime Marxist, economist Thomas Sowell came to his free-market beliefs by way of reflection and observation. But then again, so did two of his mentors, Milton Friedman and George Stigler, who both spoke of having liberal political inclinations in their own student days.
Commentary By
Jason Riley is a senior fellow at the Manhattan Institute and a columnist for The Wall Street Journal.
The following is the second of three excerpts from Jason Riley’s new book “Maverick: A Biography of Thomas Sowell,” about the iconoclastic economist. The book is available here.
When Thomas Sowell arrived at the University of Chicago in the fall of 1959 to begin his Ph.D. studies, economist Milton Friedman had been on the faculty for more than a decade. But Sowell hadn’t gone there to study under Friedman, and the University of Chicago hadn’t been his first choice. ....

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Criminalité : non, ce n'est pas toujours la faute aux inégalités économiques


Par Vilfredo Burgess.
La question des inégalités économiques est devenue centrale dans le débat public depuis au moins les grands succès publics et académiques des travaux de Thomas Piketty et la crise de 2008. La crise sanitaire remet au centre cet enjeu de société.
Les inégalités économiques sont souvent associées à la gestion libérale de l’économie, et opposées par les libéraux comme Margaret Thatcher, dans de célèbres discours à la Chambre des Communs, à la pauvreté accumulée par le socialisme. Mais plus largement, les inégalités économiques seraient le symptôme d’une société atomisée et défiante, et servent d’outil explicatif d’autres phénomènes cruciaux pour la vie publique, notamment la violence. ....

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