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In Wealth, Poverty, and Politics, 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 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 on the left, 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, Wealth, Poverty, and Politics reveals the truth about the most explosive political issue of our time.

"Included in the Appendix are two additional important documents. First, is the diary of the colonial director of the Adelsverein, Alexander Bourgeois, who accompanied Solms until dismissed in August 1844. This record provides a unique counterpoint to Solms's viewpoint. The second is the Memoir on American Affairs, addressed to Queen Victoria. In this, written in 1845 some months after Solms's return to Germany, develops political views which were strongly influenced by Solms's stay in Texas."--BOOK JACKET.