Economic Facts and 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.

“"Thomas Sowell marshals his arguments with admirable clarity and authority. There is not a chapter in which he does not produce a statistic that both surprises and overturns received wisdom."-- The Economist”

"Economic Facts and Fallacies is the kind of book lesser lights would have labored for years to produce. Full of pithy and useful data and imbued with the wisdom of a lifetime of economic analysis, this is another home run for the sage of Palo Alto." --Mona Charen, Nationally syndicated columnist
"[An] interesting and challenging book."--News Weekly (Australia)
"Armed with historical facts, imperical economics, plain logic and lots of reputable statistics...Economic Facts and Fallacies contains persuasive evidence that many commonly held beliefs, especially in modern politics, simply cannot withstand the scrutiny of hard facts...Sowell successfully addresses the tough issues... An excellent read for those with a basic understanding of statistics, those who learn to distinguish fact from fallacy in this book are sure to be more perceptive members of society and more enlightened citizens and voters. And who knows? Maybe one day Economic Facts and Fallacies will open opportunities for the nations of the world."--Deseret Morning News
"From one of America's most noted conservative economists, a short, original book that offers some unconventional ideas about how to think about common economic topics."--Baltimore Sun
"In a new second edition, Economic Facts and Fallacies shows how misinterpretation of economics can result in flawed public policy in easily understandable terms that does not require prior knowledge of economics."--The Galveston County Daily News
"Simply on the basis of the byline, I read everything Thomas Sowell writes. And it keeps me busy because he writes a lot. But I'm always richly rewarded, as I was once again when I picked up Economic Facts and Fallacies. Sowell is fearless and invariably so far ahead of the curve in discussing economics or politics or pretty much anything that the rest of us are left with eating his intellectual dust. I can't think of a higher compliment than that." --Fred Barnes, Executive Editor, The Weekly Standard and co-host of The Beltway Boys on Fox News Channel
"Sowell's book dismantles many of the pervasive fallacies running rampant in politics today, broken into categories of urban life, gender, academia, income, race, and the problems of the third world. ... In Economic Facts and Fallacies, as in his other work, Sowell makes a persuasive and powerful case, armed with a solid arsenal of statistics, numbers, and historical facts."--RealClearPolitics.com
"This readable volume is a useful primer exposing how economics relates to the social issues that affect our country."--Publishers Weekly
"Thomas Sowell marshals his arguments with admirable clarity and authority. There is not a chapter in which he does not produce a statistic that both surprises and overturns received wisdom."--The Economist

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.

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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