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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.
Second, since the government changed the CPI's methodology during the years, it's highly problematic to compare the current CPI to the CPI that was used before the 1980's. Moreover, if applying the older method of the CPI to measure current inflation, inflation would be much higher. Therefore, one can argue that real income should be lower than what Sowell claims it is.Read more ›
Most Recent Customer Reviews
I read to the second chapter of this book on the "economics" of cities and finally had to stop. Read morePublished 1 month ago by Adam
This is terrific in clarifying and pointing out generally believed fallacies concerning economics. Anyone curious about Economics should read Thomas Sowell. He is terrific.Published 1 month ago by Amazon Customer
Rather than the usual biased stuff we read in the MSM this gives the numbers to support the arguments. Read morePublished 1 month ago by Chas Gray
Wonder why the DemonKrate methods fail? Well it all begins with not knowing what works and forcing your own ideas upon a system that won't function with those intellectual demands. Read morePublished 2 months ago by Panther Page