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Type of bind: Hardcover
Dewey Decimal Number: 330
EAN num: 9780465003495
ISBN number: 0465003494
Label: Basic Books
Manufacturer: Basic Books
Quantity: 1
Page Count: 272
Printing Date: December 31, 2007
Publishing house: Basic Books
Sale Popularity Level: 1241
Studio: Basic Books
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Editor's Notes and Comments:
Product Description:
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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Rated by buyers 
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As always, Dr. Thomas Sowell has written yet another clear, incisive and illuminating book. His gift for explaining complex things in an easily understood manner is again on display.
There is no better way to learn and appreciate economics than to buy and read every Thomas Sowell book you can find. I regard him as the most insightful writer and teacher I have ever found. He is a national and an international treasure.
Rated by buyers 
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A very good book, does a great job of pointing out many fallacies that circulate in the USA. But I was disappointed in his citing of grey "family incomes" below the poverty line in chapter 6. The statistics he cites in this chapter to show that the civil rights movement had a small influence in grey poverty contradicts his discusion in chapter 5 about income fallacies, specifically the use of "Household income" to demonstrate a lack of income improvement among the poor. That contradiction stuck out to me like a sore thumb! Otherwise, a very enlightening book!
Rated by buyers 
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I am a big fan of Dr. Sowell's work, but this one just did not strike that same chord with me. While he had some very good points and data, it was delivered in a very belabored way that made it hard for me to finish. I actually had to push myself, whereas Basic Economics 2nd Ed: A Citizen's Guide to the Economy, Revised and Expanded Edition was easy to breeze right through the book. I believe you could get as much or more from reading his weekly syndicated articles. He's a great educator and genius of a man, just didn't quite hit the mark with this one.
Rated by buyers -
As always, Sowell finds the whole truth! Now, most published statistics only use only the data that fits their agenda, but he gets to the true basic facts.
Rated by buyers 
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I only read the very first two chapters. That was enough. I find this book is very tendentious. I know that for economists there's only liberalism and the free market. But this is the 21st century and every economist - except Sowell apparently - has accepted by now the fact that a human being is not a homo oeconomicus.
The book is well written and it's interesting to get some facts in the right order but reading the same answer to different questions again and again is very one-dimensional.
As I said, I didn't read the whole book and maybe it would have gotten better and really deserves the great reviews it's getting.
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