. . . . is Thomas Sowell.
I first encountered his name in 1967, when I was writing the chapter on Marx’s economics in my first book, Marx’s Religion of Revolution (1968).
Sowell had written an article for the American Economic Review in 1960. I did not know at the time that he had written it while he was in graduate school, which is unheard of for any author of an AER article. He received his Ph.D. in 1968, the year my book was published. I also did not know that Sowell was a Marxist. In 1960, the year the article was published, he got a job as a summer intern in a federal bureaucracy. He began to abandon his Marxism.
I was not overly impressed by the article. I cited it in a footnote: “Thomas Sowell, “Marx’s ‘Increasing Misery Doctrine’,” American Economic Review, L (1960), pp. 111-20. Sowell argues that Marx did hold to the absolute increasing misery doctrine before 1850 or so, but in the context of this chapter, I have tried to indicate that he also wrote in terms of it after 1850.” Little did I suspect what was to come.
There is no Sowell theorem in economic theory. There is no Sowell movement. Nobody has publicly identified himself as a Sowellist. Then why do I regard him as the greatest living economist? This:
1. He applies simple but fundamental concepts of economics to real-world problems, which are often problems that are not widely perceived as being heavily influenced by economic categories.2. He relies exclusively on verbal communications, not graphs or equations, to explain these concepts and their applications. This keeps his expositions firmly within the realm of historical cause and effect.
3. He never begins his economic analyses with this phrase: “Let us assume. . . .” The only time he ever uses “let us assume,” is when it is followed by “for the sake of argument,” which is in preparation for a lambasting of some conventional political assumption.
4. He writes in well-honed English that is the product of over 30 years of writing newspaper columns: clear, precise, and rhetorically persuasive — in short, efficient.
5. He is the most creative economist in our era — or perhaps in any era — in implementing the division of labor in his writing. He hires astoundingly productive research assistants, and then he incorporates their remarkable but diverse discoveries into a single coherent narrative.
6. He is a better historian than he is an economist. Other economists have made observations similar to his. But no other historian matches him in his chosen specialty: economic motivations that have prompted the international migration and subsequent economic successes of modern racial, national, and religious groups.
(To read the rest of my article, click the link.)