Economic Facts and Fallacies

  • by Thomas Sowell
  • Narrated by Jeff Riggenbach
  • 9 hrs and 48 mins
  • Unabridged Audiobook

Publisher's Summary

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.

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What the Critics Say

"Sowell is fearless and invariably so far ahead of the curve in discussing economics or politics or pretty much anything that the rest of us are left with eating his intellectual dust. I can't think of a higher compliment that that." (Fred Barnes, Executive Editor, Weekly Standard)

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Customer Reviews

Most Helpful

Good with salt...

Although another reviewer points out, correctly, that the author's biases come across from start to finish, nevertheless this volume was quite interesting and informative, and well worth the time. Responsible, educated Americans are exposed to a constant barrage of statistics from all points of the political compass. This book is one attempt at encouraging a questioning of the underpinnings of any statistical factoids. For example, everyone has heard the statistic that women make only 75 cents for every dollar men make. I think most reasonable people suspect sexual prejudice is part of this difference, but also suspect there may be more to it than just prejudice. Sowell points out weaknesses of this factoid - including an analysis of subgroups of women and men that are most similar (adult, never married, no children) - in this subgroup women make substantially more than men. Although I do not agree with many of the author's political beliefs - I think anyone who wants to understand the danger of statistical factoids should take a listen (but keep a good supply of grains of salt handy).
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- Michael "I focus on fiction, sci-fi, fantasy, science, history, politics and read a lot. I try to review everything I read."

Best analysis I've read of Economic issues

This book debunks a lot of "studies" that find discrimination by linking it all to various statistical slights of hand. Professor Sowell goes indepth with his explanations of various cultural arguments. Warning, may persaude more liberal readers that their die-hard beliefs are wrong through the application of variables such as education and working hours to disprove many racial and sexist arguments made about our current times.
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- David "I'm a manager of a lawncare crew that listens to audio books when feasible. I have 2 years of business and 3 towards a history degree."

Book Details

  • Release Date: 04-23-2008
  • Publisher: Blackstone Audio, Inc.