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Thomas Sowell, "Economic Facts and Fallacies"

From one of America's most distinguished economists, a short, brilliant and revelatory book: the fundamental ideas people most commonly get wrong about economics, and how to think about the subject better.

Economic Facts and Fallacies exposes some of the most popular fallacies about economic issues—and does so in a lively manner and without requiring any prior knowledge of economics by the readers. These fallacies include many beliefs widely disseminated in the media and by politicians, such as fallacies about urban problems, income differences, male-female economic differences, as well as economics fallacies about academia, about race, and about Third World countries.

One of the themes of Economic Facts and Fallacies is that fallacies are not simply crazy ideas but in fact have a certain plausibility that gives them their staying power—and makes careful examination of their flaws both necessary and important, as well as sometimes humorous.

Written in the easy to follow style of the author's Basic Economics, this latest book is able to go into greater depth, with real world examples, on specific issues.

Contents

& 8220;Preface

1 The Power of Fallacies

 The Zero-Sum Fallacy

 The Fallacy of Composition

 The Chess-Pieces Fallacy

 The Open-Ended Fallacy

 Summary and Implications

2 Urban Facts and Fallacies

 Transportation

  Population Concentration and Dispersion

  Traffic Congestion

  Social Pathology

 Housing

  History

  Economics

  Politics

 Urban Economic Activities

  Slums and Crime

  "Urban Sprawl"

 Summary and Implications

3 Male-Female Facts and Fallacies

 History

  Declines in Higher Education and Professional Occupations

  Rises in Higher Education and Professional Occupations

 Economics

  Occupational Differences

  Continuity of Employment

  Regular and Irregular Work

  Domestic Responsibilities

 Employer Discrimination

  Comparability

  The Minority Analogy

 Summary and Implications

4 Academic Facts and Fallacies

 The Faculty

  Teaching

  Educational Quality

  Academic Careers

 The Students

  Choices Among Colleges

  "Value Added" by College

  The Cost of College

 Academic Finances

  Costs

  Revenues

 Summary and Conclusions

5 Income Facts and Fallacies

 Income Stagnation

  Household Income

  Workers' Incomes

 Income Inequality

  "The Rich" and "The Poor"

  The "Vanishing" Middle Class

  Executives' Pay

  Social Mobility

 Summary and Conclusions

6 Racial Facts and Fallacies

 Group Differences

 History

  The Role of Time

  Slavery

  The Black Family

  Culture

  Crime and Violence

 Economics

  Employment Discrimination

  Consumer Discrimination

  Lending Discrimination

 Summary and Implications

7 Third World Facts and Fallacies

 Geography

 History

 Economics

  Law and Order

  Population

  Culture

  Exploitation

  Foreign Aid

 Summary and Implications

8 Parting Thoughts

Notes

Index& 8221;

Tags: Economics, History, Feminism, Academia, WorldPolitics, Politics, CriticalThinking

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See Also:

Susan Faludi, "Backlash: The Undeclared War Against American Women"

Allan Bloom, "The Closing of the American Mind"

Muhammad Yunus, "Creating A World Without Poverty: Social Business and the Future of Capitalism"

Tracy Bowell & Gary Kemp, "Critical Thinking: A Concise Guide (2nd Edition)"

Thomas Craughwell, "Do Blue Bedsheets Bring Babies: The Truth Behind Old Wive's Tales"

Leo A. Groarke & Christopher W. Tindale, "Good Reasoning Matters: A Constructive Approach to Critical Thinking (3rd Edition)"

Paul Johnson, "Intellectuals"

Ian Bremmer, "The J Curve: A New Way to Understand Why Nations Rise and Fall"

Deborah J. Bennett, "Logic Made Easy"

Robert Sobel, "The Pursuit of Wealth: The Incredible Story of Money Thoughout the Ages"

Paul Krugman, "The Return of Depression Economics and the Crisis of 2008 (2nd Edition)"

Felipe Fernandez-Armesto, "Truth: A History and a Guide for the Perplexed"

David S. Landes, "The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor"

Christina Hoff Sommers, "Who Stole Feminism: How Women Have Betrayed Women"

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