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Say's Law--the idea that "supply creates its own demand"--has been a basic concept in economics for almost two centuries. Thomas Sowell traces its evolution as it emerged from successive controversies, particularly two of the most bitter and long lasting in the history of the discipline, the "general glut controversy" that reached a peak in the 1820s, and the Keynesian Revolution of the 1930s. These controversies not only involved almost every noted economist of the time but had repercussions on basic economic theory, methodology, and sociopolitical theory. This book, the first...

The views of individual intellectuals have spanned the spectrum, but the views of intellectuals as a whole have tended to cluster. Indeed, these views have clustered at one end of the spectrum in the early twentieth century and then clustered at the opposite end of the spectrum in the late twentieth century. Moreover, these radically...

These wide-ranging essays--on many individual political, economic, cultural and legal issues--have as a recurring, underlying theme the decline of the values and institutions that have sustained and advanced American society for more than two centuries. This decline has been more than an erosion. It has, in many cases, been a deliberate dismantling of American values and institutions by people convinced that their superior wisdom and virtue must over-ride both the traditions of the country and the will of the people.

Whether these essays (originally published as syndicated newspaper...

Thomas Sowell's many writings on the history of economic thought have appeared in a number of scholarly journals and books, and these writings have been praised, reprinted, and translated in various countries around the world.

The classical era in the history of economics is an important part of the history of ideas in general, and its implications reach beyond the bounds of the economics profession. On Classical Economics is a book from which students can learn both history and economics. It is not simply a Cook's tour of colorful personalities of the past but a study of how...

First published in 1985, Thomas Sowell's book is a crisp, lucid and commonsensical introduction to Marx's own writings and to Marxist theory. It combines readability with intellectual rigour and distils more than a quarter of a century of Thomas Sowell's research and thought on the philosophical and economic doctrines of Karl Marx.

Its central theme is that Marxian philosophy must be understood before Marxian economics can be defined. The book discusses Marx's ideas, including his philosophy of history, concept of capitalist "exploitation," morality and business cycle...

This much revised and reorganized edition of Intellectuals and Society is more than half again larger than the first edition. Four new chapters have been added on intellectuals and race, including a chapter on race and intelligence.

These new chapters show the radically different views of race prevailing among the intelligentsia at the beginning of the twentieth century and at the end-- and yet how each of these opposite views of race had the same dogmatic quality and the same refusal to countenance differing opinions among their contemporaries, much less engage dissenting...