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Economic Facts and Fallacies
 
 

Economic Facts and Fallacies [Paperback]

Thomas Sowell
4.5 out of 5 stars  See all reviews (4 customer reviews)
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Product Description

Product Description

In Economic Facts and Fallacies, Thomas Sowell exposes some of the most popular fallacies about economic issues in a lively manner that does not require any prior knowledge of economics. 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 economic fallacies about academia, about race, and about Third World countries.

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.

About the Author

Thomas Sowell has taught economics at Cornell, UCLA, Amherst and other academic institutions, and his Basic Economics has been translated into six languages. He is currently a scholar in residence at the Hoover Institution, Stanford University. He has published both in academic journals and in such popular media as the Wall Street Journal, Forbes, and Fortune, and writes a syndicated column that appears in newspapers across the country.

Inside This Book (Learn More)
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews

4 Reviews
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Average Customer Review
4.5 out of 5 stars (4 customer reviews)
 
 
 
 
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5.0 out of 5 stars Read this book with an open mind & you will gain some new tools, Nov 27 2008
By 
J. Tupone (Saskatchewan) - See all my reviews
(TOP 500 REVIEWER)    (REAL NAME)   
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.
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5.0 out of 5 stars Excellent book that all politicians should read, Oct 9 2010
By 
G. Morin (Montreal, QC, Ca) - See all my reviews
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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.
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5.0 out of 5 stars Read with an open mind and you are certian to enjoy., Jun 18 2009
By 
E. Brown (Canada) - See all my reviews
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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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