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Sowell shows 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.
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Most helpful customer reviews
5.0 out of 5 stars
Read this book with an open mind & you will gain some new tools,
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This review is from: Economic Facts and Fallacies (Hardcover)
Thomas Sowell is effective in his review of economic facts & fallacies. He reviews a number of common "facts" & describes why they are fallacies. Sowell does this for a number of topics such as why third world countries are poor, why there are male-female income differences & why some of the best academic institutions really may not be the best after all. Sowell is a classical economist in that he looks at the numbers & variables. Many people will criticize his type of analysis for being simple, but many of those who do will also be taking a faulted approach in their own analysis of issues. As one example, Sowell discusses top-rated post-secondary institutions in the USA (namely universities) & questions whether or not the way we, on average, assess those institutions is valid & objective. As one example, he questions whether certain Ivy League institutions are the most effective at ensuring student success by way of mastery of subject matter & he reviews a number of small, lesser-known universities that specialize in certain disciplines & do in fact focus on student-success & mastery of subject matter. As another example, he looks at pay equity & questions whether there is in fact gender discrimination while pondering other reasons for differences in pay; breaks some women take from their careers to care for their young, for instance that causes breaks in earning & a hiatus in wage growth.A number of people will find these topics, & Sowell's questioning of the status quo, somewhat taboo & politically incorrect, but those who honestly have an open mind will at the very least walk away from reading Economic Facts & Fallacies with some new tools on how to assess what happens in the world around us. Rather than taking the media's view as fact, or a politician's diatribe and/or opinion as fact, you will begin to question things more after reading this book. I'm not suggesting that you should agree with Sowell, but his ability to look at things from a different angle & in a scientific manner is quite extraordinary.
5.0 out of 5 stars
Excellent book that all politicians should read,
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This review is from: Economic Facts and Fallacies (Hardcover)
This books gives interesting explinations for many concepts that are socially accepted but are not true in reality. The references to statistics is specially usefull since most people who encourages fallacies don't show any evidence that what their saying is true.
5.0 out of 5 stars
Read with an open mind and you are certian to enjoy.,
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This review is from: Economic Facts and Fallacies (Hardcover)
I read this book after graduating from my undergrad. What a world of difference it made for me. I always found that statistics spouted off by my professors seemed not to jive with the world I saw around me..To listen to them you would think that we are all in poverty and those who are not are sexist, racist fascists. Clearly not the case but a hard one to argue against if you are not informed on how they came about their way of thinking..Reading this book will give you all the tools you need to seriously evaluate the political and economic discourse going on around you. As a young scientists and businessman I have found that the authors very clear way of thinking very easy to pick up and very helpful in my professional life. A great book, buy it and give it to your university bound.
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