Economic Facts and Fallacies: Second Edition

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Basic Books, Mar 22, 2011 - Business & Economics - 304 pages
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Thomas Sowell's indispensable examination of the most popular economic fallacies
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.
 

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Economic Facts and Fallacies - Thomas Sowell "By 2001 most people defined as poor had possession once considered part of a middle class lifestyle. Three quarters of them had air-conditioning, which ... Read full review

Contents

Chapter 1 THE POWER OF FALLACIES
1
Chapter 2 URBAN FACTS AND FALLACIES
13
Chapter 3 MALEFEMALE FACTS AND FALLACIES
59
Chapter 4 ACADEMIC FACTS AND FALLACIES
90
Chapter 5 INCOME FACTS AND FALLACIES
139
Chapter 6 RACIAL FACTS AND FALLACIES
172
Chapter 7 THIRD WORLD FACTS AND FALLACIES
206
Chapter 8 PARTING THOUGHTS
235
Notes
241
I N D E X
271
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About the author (2011)

Thomas Sowell is a Senior Fellow at the Hoover Institution, Stanford University. He is the author of dozens of books and the recipient of various awards, including the National Humanities Medal, presented by the President of the United States in 2003.