A Primer on Political Economy
Economist Walter E. Williams learned a principle of success by missing lunch. “At 13, I was a typical barbarian growing up in the slums of Philadelphia”, he recalls. “My mother supported us by working as a maid. Frivolous consumption often meant that I’d used up my school‑lunch funds by midweek, so I’d go to Mom to borrow money. Finally, one day Mom said ‘You knew you’d have to buy lunch when you spent the money’ and refused to fork over a dime. Saddled with what I was sure was the most callous mother on Earth, I went without lunch the rest of the week. I never frittered away my food money again – taking my first step toward civilization.” More














