Economic Facts and Fallacies: Second Edition and over one million other books are available for Amazon Kindle. Learn more
Buy New
$12.61
Qty:1
  • List Price: $16.99
  • Save: $4.38 (26%)
FREE Shipping on orders over $35.
In Stock.
Ships from and sold by Amazon.com.
Gift-wrap available.
Add to Cart
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

Economic Facts and Fallacies, 2nd edition Paperback – March 22, 2011


See all 13 formats and editions Hide other formats and editions
Amazon Price New from Used from
Kindle
"Please retry"
Paperback
"Please retry"
$12.61
$6.52 $4.95

Frequently Bought Together

Economic Facts and Fallacies, 2nd edition + Basic Economics: A Common Sense Guide to the Economy + "Trickle Down Theory" and "Tax Cuts for the Rich"
Price for all three: $40.53

Some of these items ship sooner than the others.

Buy the selected items together

NO_CONTENT_IN_FEATURE
NO_CONTENT_IN_FEATURE

Product Details

  • Paperback: 304 pages
  • Publisher: Basic Books; 2nd edition (March 22, 2011)
  • Language: English
  • ISBN-10: 0465022030
  • ISBN-13: 978-0465022038
  • Product Dimensions: 8.1 x 5.5 x 0.9 inches
  • Shipping Weight: 11.2 ounces (View shipping rates and policies)
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (171 customer reviews)
  • Amazon Best Sellers Rank: #57,083 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

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.

More About the Author

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 in both academic journals in such popular media as the Wall Street Journal, Forbes magazine and Fortune, and writes a syndicated column that appears in newspapers across the country.

Customer Reviews

In Economic Facts and Fallacies, Thomas Sowell shows readers how it should be done.
Richard G. Johnston
Anyone who wants to know why we are where we are and where we are headed, must read this wonderful book by Thomas Sowell.
James E. Thomas
Dr. Sowell has the ability to explain economic concepts in simple, understandable terms everyone can understand.
Donald E Scott

Most Helpful Customer Reviews

238 of 255 people found the following review helpful By Stephen Dean on January 22, 2008
Format: Hardcover
I got this book to check out Sowell's take on the "Vanishing Middle Class." In just a few paragraphs he is able to completely turn that notion on its head... and show why the oft repeated claim is jibberish. I now know this book will be an excellent resource for fighting commonly held economic fallacies. Yesterday I read the chapter on Men vs. Women pay. The commonly held belief is that women don't make as much as a man because of discrimination. While keeping an open minded view that discrimination could come in to play, Sowell delivers an extremely convincing alternative argument for the discrepancy in pay. This book really is an eye opener.
92 Comments Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
279 of 308 people found the following review helpful By Bernard Chapin on February 14, 2008
Format: Hardcover Verified Purchase
Economic Fallacies is the third book by Thomas Sowell I've read this year and it continues to illustrate why he is one of the most important conservatives in America today. His writing beams with scholarship and clarity. There are no wasted words and the work is an arsenal of information. These chapters should be read and reread as they thoroughly refute the positions of those who irrationally regard America as being a racist, sexist and corrupt state.

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 ›
14 Comments Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
Format: Hardcover
There is no end to the exposure of crackpot left-wing theorists in the media. Happening upon an appearance of a conservative economist like Thomas Sowell in the media, however, is extraordinary, which is the nation's loss.

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.

Jerry
4 Comments Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
308 of 415 people found the following review helpful By Herbert Gintis on January 29, 2008
Format: Hardcover Verified Purchase
I preface my review of Thomas Sowell's Economic Facts and Fallacies with two semi-personal accounts. First, many years ago my young wife and I took the subway to Boston Common to a Fair Play for Cuba demonstration (this was before we drove Castro into the USSR's arms with a trade embargo and other hostilities). Pete Seeger sang a Spanish Civil War freedom song, and when he was done, he said "We might have lost the war, but we had all the good songs." The crowd laughed, but I was dumb-struck. I swore that I would never be satisfied having good songs, especially if this got in the way of winning the battle for human rights and dignity. The point is not to be a Good Person with High Ideals. The point is to contribute to making a better society.

Second, all my life I have been a strong admirer of John Stuart Mill (I wrote a chapter of my Ph.D. dissertation on his model of individual utility). One of his most courageous acts was to be arrested for distributing birth control information in the poor neighborhoods of London. Why did he do this? Well, at the dawn of the Industrial Revolution in England, numerous "utopian socialists" had devised plans for human betterment, especially for the elimination of poverty through intentional communities. The great economist Thomas Malthus' Essay on Population purported to show the futility of poverty relief, arguing that increasing the consumption of the masses would simply lead to a higher birth rate, hence more pressure on food sources, leading to a return to poverty, only with a larger population. We know now that Malthus was wrong (Google "demographic transition" and "agricultural productivity"), but his argument seemed cogent at the time.
Read more ›
28 Comments Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

Customer Images

Most Recent Customer Reviews

Search

What Other Items Do Customers Buy After Viewing This Item?