Lägg till bokmärkeEconomic Facts and Fallacies
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 reader. These include many beliefs widely disseminated in the media and by politicians, such as mistaken ideas 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 F... (show more)
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 reader. These include many beliefs widely disseminated in the media and by politicians, such as mistaken ideas 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. (show less)
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Sowell, never disappoints. His arguments are logical concise and very well argued. He always finds interesting nuggets of data that blow away conventional wisdom. Here are a few:
1. The Islamic Barbary Pirates raided and enslaved more Europeans than Africans sent to America. (During the same historical period).
2. Publicly funded colleges are measured on inputs, not outputs. When looking at outputs Ivy League schools do not stack up as well as other "less prestigious" insti... (show more)
Sowell, never disappoints. His arguments are logical concise and very well argued. He always finds interesting nuggets of data that blow away conventional wisdom. Here are a few:
1. The Islamic Barbary Pirates raided and enslaved more Europeans than Africans sent to America. (During the same historical period).
2. Publicly funded colleges are measured on inputs, not outputs. When looking at outputs Ivy League schools do not stack up as well as other "less prestigious" institutions.
3. A popular study cited that blacks were denied loans twice as often as whites. It was blasted through the media decrying racism among our financial institutions, however, the media and politicians excluded the fact that the same study showed under the same criteria that whites were denied loans twice as often as Asians.
From Male-Female, Racial, Urban, Income to the 3rd world, Sowell turns our perceived reality on its head and presents compelling facts that force us to reevaluate how we look at the world and rhetoric that surrounds us.
Excellent Read. (show less)
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Very good book, the author dispels many Krugmanesque myths. A cogent analysis of seemingly innocuous statistics exposes why many of the underlying assumptions are often incorrect. Makes for great reading!
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