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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: #488 in Books
  • Published on: 2007-12-31
  • 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

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.

Another Thomas Sowell great!5
As always, Sowell finds the whole truth! Now, most published statistics only use only the data that fits their agenda, but he gets to the true basic facts.

Tendentious2
I only read the first two chapters. That was enough. I find this book is very tendentious. I know that for economists there's only liberalism and the free market. But this is the 21st century and every economist - except Sowell apparently - has accepted by now the fact that a human being is not a homo oeconomicus.

The book is well written and it's interesting to get some facts in the right order but reading the same answer to different questions again and again is very one-dimensional.

As I said, I didn't read the whole book and maybe it would have gotten better and really deserves the great reviews it's getting.