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Economic Facts and Fallacies Hardcover – January 1, 2008
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Top Customer Reviews
Sowell debunks the myth of female oppression by highlighting the way that statistics are jiggled in the hopes of morphing the USA into a patriarchy. Indeed, in my opinion, our nation is closer to being a matriarchy than it is anything else. The old 74 cent to the dollar feminist canard is refuted after he teases out the example of unmarried, childless women. They oftentimes are anything but oppressed. Indeed, in many cases they make even more money than their male age-mate peers. Much of the difference between the sexes, in terms of wage, is a result of personal choice. Women work fewer hours and are more likely to choose stability over cash when deciding on a career. Women also select less dangerous jobs than do men as indicated by the statistic he cites showing that 92 percent of those who die in job-related accidents are male.
In terms of class, all of us who ever have tried to debate the left comprehend the error in their perceptions--as does Sowell who eliminates their positions with ease. Unfortunately, it's a serious challenge to ever get them to come around as they would feel contaminated should they ever try to examine world events through the eyes of a conservative.Read more ›
Sowell is a prolific writer, but I doubt he reaches a fraction of the audience of a crank like Paul Krugman.
In this slim volume, Sowell exposes, refutes and debunks six of the major economic fallacies of our time:
1. Urban Facts and Fallacies
2. Male-Female Facts and Fallacies
3. Academic Facts and Fallacies
4. Income Facts and Fallacies
5. Racial Facts and Fallacies
6. Third World Facts and Fallacies
As you've probably noticed, these are six of the major flashpoint issues of our times - and Sowell knocks down the myths and lies the left-wing has worked so hard to spread.
For example, Sowell shows how elitists have made the most desirable areas of California unaffordable for all but the very rich through restrictive policies. This results in various hypocrisies, such as driving out poor blacks from places like San Francisco and also contributes to the fallacy of a lack of "affordable housing". The latter is not the fault of evil conservatives, but of very selfish left-wingers.
Sowell applies his truly formidable knowledge and scalpel-like logic to each of these six fallacies, slicing away the untruths and revealing that the United States is not a nation of massive inequalities, but is in fact still the land of opportunity.
As Sowell puts it so well, "[s]ome things are believed because they are demonstrably true. But many things are believed because they are consistent with a widely held vision of the world - and this vision is accepted as a substitute for facts." For those willing to learn, Sowell demolishes six major myths here. Would that there were more like Sowell - and those willing to learn from him.
He does this in a fair and to a large part objective manner. So, for example, if he is looking at how discrimination factors into earnings differences between men and women, or blacks and whites he will examine many factors which contribute to those differences. Reasoning that if we can identify 3 or 4 other causes of earnings differences, and those factors account for some of the difference, then discrimination and other unidentified factors could only account for what is left.
He also exposes factors which make some the the statistics we normally see misleading. So, for example, if the average age of one group of people is 30 and another is 35 and a third is 43, then we would expect that their incomes would also be different, with the older groups making more money. This is what we see with Blacks (30), all Americans (35) and Japanese Americans (43). So at least some of the income differences are explained by age.
The book examines:
- Urban Facts and Fallacies where interesting facts about city planning come to light
- Male-Female Facts and Fallacies
- Third World poverty
The book is jam packed with information, and insights. You are bound to have ideas you held to be true shown clearly to have overlooked important variables.
After reading this book, you will have a better understanding of the reality of these topics and the statistics used to support various views.
Most Recent Customer Reviews
Interesting read and does not require knowledge of economics to understand the concepts described.Published 1 day ago by E.B.
Sowell raises some intriguing factors in issues, like why women earn less than men for the same jobs.Published 7 days ago by James V. Halloran III
Another brilliant book by a brilliant man... A tough slog at times for me (not being brilliant, there are a lot of statistics in this book to absorb) but he has the ability to... Read morePublished 16 days ago by George Holbert
This is one of the few compelling arguments that runs counter to popular belief and,therefore, is worth considering. Right or wrong, the dissenting opinion should be heard.Published 1 month ago by goatroper
What an interesting and well written book. I learned so much from Mr. Sowell.Published 1 month ago by MARK C SCHMIDT
The content of this is great. My only issue is I bought the Audible version of this and the narrator was incredibly boring.Published 2 months ago by E. Powell
Another attempt by the conservatives to undermine hard data and facts that highlight the symptoms which are a result of their misguided policies. Next.Published 3 months ago by Amazon Customer