Economic Facts and Fallacies

Author: Thomas Sowell
ISBN: 0465003494
Manufacturer: Basic Books
Customer Rating:

, based on 48 reviews

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Editorial Review:

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.

Customer Reviews:

Economic Facts and Fallacies

Excellent read. Thomas Sowell has done it again. He takes beliefs many of us have about economics and proves just how wrong these beliefs are. This should be required reading for high school as well as college. I highly recommend this book to anyone interested in economics.

2008-08-28

Review of Economic Facts & Fallacies

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.

2008-08-12

Great book, but at least 1 contradiction

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!

2008-08-11

Not What I've Come to Expect from Dr. Sowell

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.

2008-07-24

Another Thomas Sowell great!

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.

2008-06-29

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