Economic Facts and Fallacies

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Basic Books, 2011 - BUSINESS & ECONOMICS - 294 pages
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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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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
Copyright

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About the author (2011)

Thomas Sowell has taught economics at a number of colleges and universities, including Cornell, University of California Los Angeles, and Amherst. He has published both scholarly and popular articles and books on economics, and is currently a scholar in residence at the Hoover Institution, Stanford University.

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