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Economic Facts and Fallacies

Economic Facts and Fallacies
By Thomas Sowell

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Product Description

Economic Facts and Fallacies exposes some of the most popular fallacies about economic issues-and does so in a lively manner and without requiring any prior knowledge of economics by the reader. These include many beliefs widely disseminated in the media and by politicians, such as mistaken ideas about urban problems, income differences, male-female economic differences, as well as economics fallacies about academia, about race, and about Third World countries. One of the themes of Economic Facts and Fallacies is that fallacies are not simply crazy ideas but in fact have a certain plausibility that gives them their staying power-and makes careful examination of their flaws both necessary and important, as well as sometimes humorous. Written in the easy-to-follow style of the author’s Basic Economics, this latest book is able to go into greater depth, with real world examples, on specific issues.

Product Details

  • Amazon Sales Rank: #1105 in Books
  • Published on: 2007-12-31
  • Original language: German
  • Number of items: 1
  • Binding: Hardcover
  • 272 pages

Editorial Reviews

About the Author
Thomas Sowell has taught economics at a number of colleges and universities, including Cornell, University of California Los Angeles, and Amherst. He has published both scholarly and popular articles and books on economics, and is currently a scholar in residence at the Hoover Institution, Stanford University.

Customer Reviews

Review of Economic Facts & Fallacies5
As always, Dr. Thomas Sowell has written yet another clear, incisive and illuminating book. His gift for explaining complex things in an easily understood manner is again on display.

There is no better way to learn and appreciate economics than to buy and read every Thomas Sowell book you can find. I regard him as the most insightful writer and teacher I have ever found. He is a national and an international treasure.

Great book, but at least 1 contradiction4
A very good book, does a great job of pointing out many fallacies that circulate in the USA. But I was disappointed in his citing of black "family incomes" below the poverty line in chapter 6. The statistics he cites in this chapter to show that the civil rights movement had a small influence in black poverty contradicts his discussion in chapter 5 about income fallacies, specifically the use of "Household income" to demonstrate a lack of income improvement among the poor. That contradiction stuck out to me like a sore thumb! Otherwise, a very enlightening book!

Not What I've Come to Expect from Dr. Sowell3
I am a big fan of Dr. Sowell's work, but this one just did not strike that same chord with me. While he had some very good points and data, it was delivered in a very belabored way that made it hard for me to finish. I actually had to push myself, whereas Basic Economics 2nd Ed: A Citizen's Guide to the Economy, Revised and Expanded Edition was easy to breeze right through the book. I believe you could get as much or more from reading his weekly syndicated articles. He's a great educator and genius of a man, just didn't quite hit the mark with this one.