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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: The concept of zero-sum economic outcomes is gravely mistaken.
Chapter 3: A frequent issue in politics is the post hoc fallacy.
Chapter 4: The open-ended fallacy troubles those with progressive political aims and demands today.
Chapter 5: The composition fallacy is a persistent blight on economic policy.
Chapter 6: Academic institutions aren’t held to the same standards and expectations as business.
Chapter 7: Statistics can produce an inaccurate picture of wealth inequality today.
Chapter 8: The notion that Western nations are to blame for poorer countries’ poverty is fundamentally false and wrong.
Description
Economic Facts and Fallacies (2008) takes some common assumptions about economics and politics and reveals them as fallacies. It’s only by facing uncomfortable truths, the book argues, that we can begin to solve the problems in front of us.
Who Should Listen
Those interested in politics and economics
Anyone looking for a contrary perspective
Libertarians and conservatives
About the Authors
Thomas Sowell is a conservative economist, social theorist, and senior fellow at Stanford University’s Hoover Institution. Sowell has taught economics at Cornell, Amherst, and the University of California at Los Angeles, and the history of ideas at Brandeis University. In 2002, he was awarded the National Humanities Medal.