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.

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All Customer Reviews
Average Customer Review: 4.5 out of 5 stars

0 of 0 people found the following review helpful:

5 out of 5 stars

Another Thomas Sowell great!, 2008-06-29
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.

1 of 5 people found the following review helpful:

2 out of 5 stars

Tendentious, 2008-06-25
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.

1 of 1 people found the following review helpful:

5 out of 5 stars

Informative, yet easy to read, 2008-06-25
My knowledge of economics is admittedly limited, but this book was written so well that even a rookie like me could understand the concepts. Though I'm not sure I agree with every conclusion Sowell draws, the book was incredibly informative and really got me thinking. I know I will listen to reports on economic data in a whole new way! I definitely recommend this book to anyone looking to gain a better understanding of the meaning (or lack of meaning) in the statistics so often thrown our way.

0 of 0 people found the following review helpful:

4 out of 5 stars

Another winner from the mind and research of black libertarian author Tom Sowell, 2008-06-19
The Economic research herein is very good
and one can hardly doubt that Sowell's fine
friend of the libertarian feathers, George
Mason[VA]University Economic Professor Walt
Williams helped him on this. One silly revi-
ewer said that Sowell has the right questions
but not the right answers.

This book should not be considered the 'final
answer to the points raised therein. It's never
that simple. But the book definately raises the
right questions and suggests suitable alternat-
ives to the Economic mess we find ourselves in.

Remember, War is never the answer and Demo(n)cans
and Republicrats have not even been giving us the
right economic equations. Just ask Ben Bernake,
who just attended the Bilderberg Meeting here in
Northern Virginia recently!

0 of 0 people found the following review helpful:

5 out of 5 stars

Excellent Insights!, 2008-06-19
Sowell gives some insightful views into the facts and taken-for-granted fallicies of economics. This has been very good reading! Thanks for the research and detail.

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