Economic Facts and Fallacies
by Thomas Sowell
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Book Reviews of Economic Facts and Fallacies
Book Review: Absolutely Superb!
Summary: 5 Stars
In short, this is a well written, eye-opening, articulate book.
Sowell was able to draw out immense interest for a subject that I had previously viewed as utterly dry and monotonous. After reading this book, I bought his other book - Basic Economics - and several other books on economics by other authors. Sowell is by the far the best and most articulate among the myriad of authors out there.
Sowell tackles several common economic fallacies and provides critical and interesting facts (both historical and statistical) that contradict the common views held by society at large. Some of the topics include income disparity between blacks & whites and female & males, affirmative action, population overcrowding, college attendance & success, and third-world exploitation.
This is a great read and can be easily finished in a couple days. I highly recommend it!
Book Review: Hmmmm....
Summary: 3 Stars
Dr. Sowell is a gifted economist, and this book would be an excellent introduction to Economics for someone who felt that the mainstream is far too market-unfriendly.
Unfortunately, his analysis all too often sets up straw man arguments, which he is able to tear apart with evident ease.
His frame leaves out much though: in discussions of race discrimination, for instance, he seems to totally ignore the issues of "buyer preference" i.e. whether an employer would actually PREFER to hire a white employee, and be prepared to pay such a preference.
An excellent introduction to the concept of markets as applied to contemporary political issues and some widely held misconceptions. However, by omitting issues like externalities etc., "Economic Facts and Fallacies" unfortunately presents a distorted, if compelling read.
Book Review: Another winner from the mind and research of black libertarian author Tom Sowell
Summary: 4 Stars
The Economic research herein is very good
and one can hardly doubt that Sowell's fine
friend of the libertarian feathers, George
Mason[VA]University Economic Professor Walt
Williams helped him on this. One silly revi-
ewer said that Sowell has the right questions
but not the right answers.
This book should not be considered the 'final
answer to the points raised therein. It's never
that simple. But the book definately raises the
right questions and suggests suitable alternat-
ives to the Economic mess we find ourselves in.
Remember, War is never the answer and Demo(n)cans
and Republicrats have not even been giving us the
right economic equations. Just ask Ben Bernake,
who just attended the Bilderberg Meeting here in
Northern Virginia recently!
Book Review: Statists just don't get it.
Summary: 5 Stars
I have read many other books by Thomas Sowell and he must be good because of the vituperation that the left throws at him. It appears that the statists just don't get it, they still think that emotions can beat a reasoned argument. Here are the reasoned arguments that tear apart the left's emotions.
I highly recommend this book as well as his two more scholarly books on economics, Basic Economics 3rd Ed: A Common Sense Guide to the Economy and Applied Economics: Thinking Beyond Stage One. Perhaps progressives should start with these so that they get a basic understanding of economics before they start commenting about the other Sowell books.
Book Review: Fact or fiction
Summary: 5 Stars
This is a book that everyone who believes himself or herself to be a rational, objective person should read. Thomas Sowell, in crisp, crystal clear writing, exposes the false beliefs, and conclusions drawn from them, which have become "revealed truths" in the most sacrosanct areas. These "truths" have formed the rationale for large-scale government programs of social redemption and reclamation, for planning commissions exerting increasing control over private lands, for average people attempting to understand important basis issues in their lives. Each chapter is self-contained enabling the book to be savored at separate readings without losing the continuity. Reading this book should help to sharpen our ability to more carefully evaluate the important issues which play major roles in our lives.
Leonti H. Thompson, M.D.