Peter Robinson speaks with Thomas Sowell about his new book Economic Facts and Fallacies in which Sowell exposes some of the most popular fallacies about economic issues.
Sowell takes on the conventional thinking on a wide swath of America's economic life, from male-female economic differences to income stagnation, executive pay, and social mobility to economics of higher education. In all cases he demonstrates how economics relates to the social issues that deeply affect our country- Hoover Institution
Peter M. Robinson is a research fellow at the Hoover Institution, where he writes about business and politics, edits the Hoover Institution's quarterly journal, the Hoover Digest, and hosts Hoover's television program, "Uncommon Knowledge."
Robinson is also the author of three books: How Ronald Reagan Changed My Life; It's My Party: A Republican's Messy Love Affair with the GOP; and the best-selling business book Snapshots from Hell: The Making of an MBA.
Thomas Sowell is an American economist, political writer, and commentator. He is currently a senior fellow of the Hoover Institution at Stanford University.
In 1990, he won the Francis Boyer Award, presented by the American Enterprise Institute. In 2002 he was awarded the National Humanities Medal for prolific scholarship melding history, economics, and political science.
Hoover Institution Fellow Thomas Sowell claims the rise of women to high positions in today's workplace is an attribute of the modern tendency to begin families later in life - not solely because of the feminist movement.
Hoover Institution Fellow Thomas Sowell states that the reported stagnation of income in recent years is due to a statistical error relying on households, rather than people. He goes on to defend high CEO pay as a result of competitive market forces.
Way to miss the point, Vlad. The question was whether feminism and the corresponding legal framework inspired by it account for an increase in B.
(It's widely believed that the rise of women in high level occupations since the 1960s has been due to anti discrimination laws and that these in turn have
been due to the feminist movement.) Now if women rose in high level occupations prior to the 60s, discrimination didn't play much of a role in their lives;
thus either discrimination isn't very potent or there is another factor affecting their advancement.
I don't see where Sowell assumes a "causal relationship". Simply to claim A has an effect on B does not assume causality.
As to whether "increased accessibility in the workforce (more opportunities) leads to women deciding to marry later, it may be a question of whether
there are women actually seeking such opportunities. The question to you is, do women choose to marry earlier during economic crises like the depression -where there is a definite decline in accessibility in the workforce (less opportunities). Sowell's data shows otherwise. Remember, women did well in the
thirties. True this may only show a lag correcting itself in the 40s , but then you'd have to "offer an argument for this assumption"
I belive thomas stated that one of the reasons women began to get married and have children in the late forties and fifties where caused by the baby boom they started to rise again in 1956 which was before the feminist movement
He mentions the correlation between the age at which women marry (A) and the proportion of women in the workforce (B), and assumes a causality relation A -> B. However, he doesn't offer any argument for this assumption. Why did women marry later in 1920s and 1930s and then again in the 1960s? He offers no reason. Perhaps it is B that causes A, i.e. increased accessibility in the workforce (more opportunities) leads to women deciding to marry later. Seems to make more sense.
It is time to cut down on pages and pages of curriculum being churned out by Education Departments. Example, 100 pages of NZ curriculum for Under 5s can be shortened to just one page to read: "Play, Read, Write."
One of the defining quotatations that describe Sowell is particularly funny because he's serious. He says, "Why are we spending time, ya know, hugging trees and doing other such stuff like that when are kids can't read?"
Mr. Sowell is a wise man, indeed. From my limited experience (as a "junior scientist") from two european universities (in Sweden and Spain), we share many of the "problems" that are mentioned in the interview.
W/best wishes from Canary Islands, Spain.