Read Economic Facts and Fallacies: Second Edition By Thomas Sowell

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Economic Facts and Fallacies: Second Edition-Thomas Sowell

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Ebook About
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.

Book Economic Facts and Fallacies: Second Edition Review :



If you look at the title on the cover of this book, your first impression might be that it is a dry read of economic theory with lots of confusing graphs. That would be a mistaken. Easy to read, with lots of examples you can relate to, this book will change the way you listen to others’ economic explanations.OK, so it is a bit dated in that was written in 2007. We’d like to think that everyone has developed a better understanding of economics since then, but that is simply not the case. In fact, some of the examples in the book sound remarkably like headlines or speeches we’re seen and heard in the last 6 months.Impress your friends; tell them you’re reading a book on economics and then impress them even more by sharing a couple of things you’ve learned from this book about income disparity measures, wage discrimination, housing prices, and world economies.My only disappointment is that the economics of health care are not addressed.
Just getting started on this, but the Quote from John Adams that begins this book is incredibly relevant to today: "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." ---John Adams. This will be a great read for those of us who like to do our own research and thinking on issues. I'll chime back in after I have finished it if there is anything of note to say.

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