One of the joys of being an economist is that I get to meet (nearly always virtually) great minds, of the past and the present. Among those whom I admire immensely are the legendary ancients like David Hume, Adam Smith, David Ricardo, and the 20th century greats like Ludwig von Mises, Friedrich Hayek, James Buchanan, Milton Friedman, Thomas Sowell.
Sowell is unique in many ways. Unlike the others I just mentioned, he’s not a dead white man; he’s alive and black. Also, Sowell is not primarily an economics theorist and has not made (as far as I can tell) any fundamental theoretical contributions to economics. However, he’s one of the best social commentators and explainers of basic economics. His work enable lay persons to understand how the world works. He has made—and continues to make—the world understandable to millions of people.
Let’s begin with a brief bio of Dr Sowell. Continue reading “Thomas Sowell, an American Treasure”