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    Thomas Sowell, "Economic Facts and Fallacies"

    Posted By: tired
    Thomas Sowell, "Economic Facts and Fallacies"

    Thomas Sowell, "Economic Facts and Fallacies"
    Basic Books | 2008 | ISBN: 0465003494 | 272 pages | siPDF | 3.6 MB

    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

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

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