“INCOME and WEALTH” by David Parker a thought-provoking read

Given the challenging year due to COVID-19, millions of Americans and people worldwide could use some insight that will help them rise above the financial problems facing every sector of business and every individual. Fortunately, entrepreneur and lifelong educator David Parker is now sharing the perspective and principles on which he has built a successful career as an entrepreneur and investor in “INCOME and WEALTH: David Parker Essays – Volume One,” according to a recent press release. The lessons Parker shares with readers in this thought-provoking work encapsulate the author’s 40-year study of economic history and principles.

When he began his teaching career, Parker chose a different path from the majority of his colleagues in the educational field. Rather than place his faith and his future in the teachers’ union or the government, Parker’s intellectual curiosity drove him to explore why government intervention in any aspect of our lives – from education to healthcare – is doomed to failure, and how individual action, regardless of annual income, can lead to the accumulation of wealth.

While some might label his political views, especially his disdain for government intervention, “conservative,” Parker calls himself a “classical liberal” – adamant that citizens should not be forced to support programs inconsistent with free-market economics. The result of Parker’s scholarly inquiry into the proper role of government in our lives — Income and Wealth — is the result of 30 years of study and 30,000 hours of annotated reading of the world’s foremost experts on the subject of political economy including Aristotle, Adam Smith, F.A. Hayek, and Ayn Rand.

Known for his “unconventional wisdom,” Parker shares common ground with many individuals currently identified as “Progressives,” in his belief that virtually everyone – even those earning minimum-wage income – has the opportunity to create wealth. 

“Most people in this country don’t realize they are living way beyond their means,” Parker says. The prescription he advocates for wealth creation may not be easy – but it is certainly effective. He urges all young people, regardless of their earning power, to invest half their annual income. “Even those not especially creative or brilliant,” he says, “will generate significant income from their investments within ten years.”

Readers will discover Parker not only presents a compelling case for the benefits of free-market economics, but he also shares principles and insights that can be used as the building blocks for a step-by-step plan for financial prosperity.

Parker has been featured in The Economist, The Financial Times and several prestigious law journals.