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Economic Facts and Fallacies

Economic Facts and Fallacies
Author: Thomas Sowell
Publisher: Basic Books
Category: Book

List Price: $26.00
Buy New: $11.26
You Save: $14.74 (57%)



New (36) Used (19) from $11.18

Avg. Customer Rating: 4.5 out of 5 stars 47 reviews
Sales Rank: 1105

Media: Hardcover
Number Of Items: 1
Pages: 272
Shipping Weight (lbs): 1.2
Dimensions (in): 9.1 x 6.5 x 1.1

ISBN: 0465003494
Dewey Decimal Number: 330
EAN: 9780465003495
ASIN: 0465003494

Publication Date: December 31, 2007
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Condition: SATISFACTION GUARANTEED! NEW Book! May have remainder mark. Most orders ship within 1 BUSINESS DAY with ORDER CONFIRMATION.

Customer Reviews:
Showing reviews 6-10 of 47
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5 out of 5 stars Informative, yet easy to read   June 25, 2008
 2 out of 2 found this review helpful

My knowledge of economics is admittedly limited, but this book was written so well that even a rookie like me could understand the concepts. Though I'm not sure I agree with every conclusion Sowell draws, the book was incredibly informative and really got me thinking. I know I will listen to reports on economic data in a whole new way! I definitely recommend this book to anyone looking to gain a better understanding of the meaning (or lack of meaning) in the statistics so often thrown our way.


4 out of 5 stars Another winner from the mind and research of black libertarian author Tom Sowell   June 19, 2008
 0 out of 2 found this review helpful

The Economic research herein is very good
and one can hardly doubt that Sowell's fine
friend of the libertarian feathers, George
Mason[VA]University Economic Professor Walt
Williams helped him on this. One silly revi-
ewer said that Sowell has the right questions
but not the right answers.

This book should not be considered the 'final
answer to the points raised therein. It's never
that simple. But the book definately raises the
right questions and suggests suitable alternat-
ives to the Economic mess we find ourselves in.

Remember, War is never the answer and Demo(n)cans
and Republicrats have not even been giving us the
right economic equations. Just ask Ben Bernake,
who just attended the Bilderberg Meeting here in
Northern Virginia recently!



5 out of 5 stars Excellent Insights!   June 19, 2008
 1 out of 1 found this review helpful

Sowell gives some insightful views into the facts and taken-for-granted fallicies of economics. This has been very good reading! Thanks for the research and detail.


5 out of 5 stars Excellent   June 16, 2008
 1 out of 1 found this review helpful

I felt like he spent too much time on the pay differences between men and women, but aside from that I thought it was really good. He shows how statistics can be misinterpreted to "prove" a point of view, but that if you dig down you can see how the statistics were misused.

For example discussing the disparity of income between rich and poor the fallacy is that people within one quintile are there for life. In fact people typically start out in the bottom quintile and as they get more experience and education they work their way up through several quintiles and eventually when they retire they return to the bottom quintile. Retired people with small incomes are not necessarily "poor" because they own their homes and have substantial assets, yet they are grouped with the poor when comparing incomes.



5 out of 5 stars Lies and Stastistics   June 12, 2008
 2 out of 2 found this review helpful

In this book Thomas Sowell shows again and again how "lies, damned lies, and statistics" are abused to buttress arguments--usually including a cry for some form of government intervention. The opening chapter alone should be required reading for anyone trying to understand the errors willfully propagated by politicians and media. Despite sharing a similar economic viewpoint much of the information was new to me. I found very interesting the different impacts of marriage on men and women, which of course made complete sense for social reasons, rather than any innate bias. Also interesting was the fact that income disparities between poorest and richest nations actually decreased over time when you compare the same countries, and not just the countries that are richest or poorest at different times. Many other interesting and illuminating facts can be found, and I would suspect most readers would be able to find something to make them think about an issue differently than they have in the past. The tone throughout is respectful and scholarly, and you may choose to disagree with some of his conclusions but as John Adams is quoted on the title page "Facts are stubborn things".

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