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List Price: $26.00Amazon.com's Price: $17.16 You Save: $8.84 (34%)as of 07/30/2010 07:33 EDT
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Binding: Hardcover
Dewey Decimal Number: 330
EAN: 9780465003495
ISBN: 0465003494
Label: Basic Books
Manufacturer: Basic Books
Number Of Items: 1
Number Of Pages: 272
Publication Date: January 01, 2008
Publisher: Basic Books
Studio: Basic Books
Features:- ISBN13: 9780465003495
- Condition: New
- Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
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Editorial Review:
Product Description:
From one of America's most distinguished economists, a short, brilliant and revelatory book: the fundamental ideas people most commonly get wrong about economics, and how to think about the subject better.
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 readers. These fallacies include many beliefs widely disseminated in the media and by politicians, such as fallacies 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.
Average Rating: 
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Sowell breaks down topics such as College tuition and funding, urban sprawl, and women's pay inequality from his perspective as an accomplished economist. The book is well written and brought to my attention more factors involved in the economics of everyday life.
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Like Basic Economics, it's written in layman's terms. I wish more of the general public would read this and his other books so that they better understood the nature of economics and how poor political choices are often based on a lack of understanding about economic realities. Definitely recommended.
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There are a lot of serious flaws with this book. A lot of oversimplified conclusions based on incorrect assumptions, compounded by what I believe are deliberately misleading, cherry-picked statistics.
Rather than focusing on the chapters on racial and gender issues, which press on emotional buttons too easily, I'm going to focus on the problems with the chapter "Income Facts and Fallacies" since these are flaws that can be more calmly discussed using measurable standards.
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This is an amazing book. I found it to be quite captivating and enriching. This book fosters analytical thinking and sheds light on topics that we are so often only exposed to one very biased side of the argument on.
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_Economic Facts and Fallacies_ (2008, Basic Books) is my first foray into the writings of economist, Thomas Sowell. And I have to say, I'm quite pleased with what I've found.
Sowell states at the outset that many things "are believed because they are consistent with a widely held vision of the world - and this vision is accepted as a substitute for the facts." (p. vii) The rest of his book is really an illustration of this truism along multiple lines.
Sowell challenges conventional/current ... Read More
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