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Economic Facts and Fallacies

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Economic Facts and Fallacies

By: Thomas Sowell
Narrated by: Jeff Riggenbach
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About this listen

 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.

©2008 Blackstone Audio, Inc. (P)2008 Blackstone Audio, Inc. Economics Inspiring

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Critic reviews

"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)
All stars
Most relevant  
This book provides a fantastic critic on many long standing issues.
Sowell is libertarian. I’d especially recommend this book to people who are more socialist by leaning as it gives a very cogent argument for libertarianism which you may not have been exposed to.

Fantastic. highly recommend.

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Another great Sowell book although there is a lot of overlap between this and Sowell's Basic Economics.

Another great Sowell book

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Although this book is more than a decade old it’s still relevant to our current times.

Essential listening

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this book breaks down the problem of making decisions based on preconceived notions without prior proper investigation necessary in many important matters in our society..

logical simple to follow...

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The sentiment that statistics should be properly dissected with terms being well defined to make sure what is being represented is true is good. I think it's misapplied slightly. 3rd party observers are what researchers are. While that point is caveated, it is important to state that 3rd party observers can have a perspective which is not tainted by the closeness to a problem/situation. Overall still good for broadening your thinking

Sentiment is good but conclusions are shaky

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Gives a good insight into why #BLM is a massive marxist con. Well worth paying attention.

Must listen!

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“Lies, Damned Lies and Statistics!”
The importance of digging deeper into any assertions and statistics, is made clear, in this very important and impressive book.
Whether you’re on the Left or on the Right; there are lessons that you can learn from this.

Go back and analyse some of your personal assertions and beliefs; whether on immigration, man-made climate-change or racism …

The importance of reading data in the right way

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Fantastic listen which really expands on core economic concepts, using real world examples in laymans terms. Narrator did a great job.

Fantastic

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Most of the information is presented with relevant studies cited but there is an implicit assumption that everything is a commodity and that productivity and profit takes precedent at all costs. A convincing argument is presented for the gender pay gap issue citing there is more than just saying x% of this and y% of that, but then there is a mention of disproportionate proportion of liberal minds in academia as faculty without any analysis like what was done with the pay gap issue. An unbiased analysis, in my view, would dive deep into this issue like how the author talks about the gender pay gap, since for all we know, it is possible that liberal minded people prefer to forgo higher salaries and teach the next generation due to their sense of wanting to help others more compared to conservative minded people who would choose industry where there is better pay on average

Some good points but clearly biased

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Arguing in the first chapter that all transactions are beneficial for both parties completely ignores the endless scenarios in which people don’t have a choice (when there’s a monopoly for example). The premise of libertarianism which this book heavily relies on is that everyone are equal in power and no one is stupid or evil. Can anyone seriously argue this reflects reality?

Somewhere between stupid and evil

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