290
people found this helpful, as of 2023
ranked #90,012 most helpful
out of 571,544,897 reviews
★★★★★
This is a book all should read.....especially those entering college and learning about economics.
This author knows his topics and is able to share them in a way which keeps you engaged. It's really interesting how often the actions taken to combat perceived discrimination end up being core cause of the same. This is the type of material which needs to be taught in our colleges and universities. Just the facts and the truth supported with scientific research. In the first Chapter Disparities and Prerequisites he lays bare the role I.Q. has on one's real success.
Children of parents with professional occupations were found to hear about 2,100 words per hour at home. Children in Working Class houses heard 1,200 words per hour where children from homes which are on welfare were found to hear 600 words per hour. What about the advantages of being the first born in a family? Or are they really disadvantages? Hard work and perseverance are so important to really achieving success. But so is the personal desire to succeed.
His examples of those companies who have gotten so much right and dominated their industry for decades are lessons which must be paid attention to closely. He lists examples of house hold name type companies known globally that learned first hand the massive price they would pay for not evolving and staying abreast of technology changes. Even more startling is how these same companies once controlled the industries but failed to change with the times and now are nearly relegated to being footnotes in history.
Another great book by Thomas Sowell.......
