"Economic Facts and Fallacies" is designed for people who want to understand economic issues without getting bogged down in economic jargon, graphs, or political rhetoric. Writing in a lively manner that does not require any prior knowledge of economics, Thomas Sowell exposes some of the most popular fallacies about economic issues, including many that are widely disseminated in the media and by politicians: fallacies about urban problems, income differences, male-female economic differences, academia, race, and Third World countries. While all of these fallacies have a certain plausibility that gives them their staying power, this makes it even more important to carefully examine their flaws. Sowell holds these beliefs under the microscope and draws conclusions that are sure to inspire rigorous debate.
"Want to be a real hit at a cocktail party? Try bringing up politics, preferably with someone who disagrees with you--and if they're an emotional sort, even better. Proceed to delve into controversial issues of the day (the politics of race and gender, for instance) and, as you do, back up each point with lucid economic facts. After thorough research and a calm, learned presentation, odds are that you'll make a real impact. An impact, that is, in the form of gigantic tufts of steam shooting out of your audience's ears.
Thomas Sowell's new book, ""Economic Facts and Fallacies,"" is much like that cocktail party guest: cool, logical, informative, insightful, and, for some sides of the political aisle, a major irritant to be blocked out of the mind. Indeed, Sowell is the first to admit that facts, though the subject of his book, aren't always enough when it comes to winning the debate. He quotes Henry Rosovsky, a Harvard economist: "Never underestimate the difficulty," the professor once said, "of changing false beliefs by facts." - Heather Wilhelm, Thomas Sowell Delivers Inconvenient Truths
Thomas Sowell (born June 30, 1930) is an American economist, social critic, political commentator and author. He often writes as an advocate of laissez-faire economics, and his political outlook can generally be classified as libertarian. Thomas Sowell is the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution, Stanford University. He has taught economics at colleges and universities across the country and has published articles and books on economics in the United States and overseas.
In 1990, he won the Francis Boyer Award, presented by the American Enterprise Institute. In 2002, Sowell was awarded the National Humanities Medal for prolific scholarship melding history, economics, and political science. In 2003, he was awarded the Bradley Prize for intellectual achievement.
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