Economic Facts and Fallacies

Economic Facts and Fallacies PDF Author: Thomas Sowell
Publisher: Basic Books
ISBN: 0465026303
Category : Business & Economics
Languages : en
Pages : 295

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Book Description
Thomas Sowell “both surprises and overturns received wisdom” in this indispensable examination of widespread economic fallacies (The Economist) 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.

Economic Facts and Fallacies

Economic Facts and Fallacies PDF Author: Thomas Sowell
Publisher: Basic Books
ISBN: 0465026303
Category : Business & Economics
Languages : en
Pages : 295

Get Book Here

Book Description
Thomas Sowell “both surprises and overturns received wisdom” in this indispensable examination of widespread economic fallacies (The Economist) 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.

Economic Facts and Fallacies

Economic Facts and Fallacies PDF Author: Thomas Sowell
Publisher: Basic Books
ISBN: 9780465022038
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
Thomas Sowell's indispensable examination of the most popular economic fallacies In Economic Facts and Fallacies, Thomas Sowell exposes some of the most popular fallacies about economic issues in a lively manner that does not require any prior knowledge of economics. 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 economic fallacies about academia, about race, and about Third World countries. Sowell shows 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.

Economics in One Lesson

Economics in One Lesson PDF Author: Henry Hazlitt
Publisher: Crown Currency
ISBN: 0307760626
Category : Business & Economics
Languages : en
Pages : 220

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Book Description
With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.

Applied Economics

Applied Economics PDF Author: Thomas Sowell
Publisher: Basic Books (AZ)
ISBN: 9780465081431
Category : Business & Economics
Languages : en
Pages : 270

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Book Description
A companion volume to Basic Economics discusses the application of economics to such world problems as medical care, discrimination, and the development of nations, examining economic policies in terms of their immediate and longer-term repercussions.

The Making Of An Economist

The Making Of An Economist PDF Author: Arjo Klamer
Publisher: Routledge
ISBN: 1000303128
Category : History
Languages : en
Pages : 191

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Book Description
This book focuses on the graduate education of a small group of economists—those at elite schools. It is intended for three audiences: aspiring economists, economists, and the lay public. The book reports conversations with MIT, Harvard, Chicago, and Columbia students.

Against Facts

Against Facts PDF Author: Arianna Betti
Publisher: MIT Press
ISBN: 0262029219
Category : History
Languages : en
Pages : 325

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Book Description
An argument that the major metaphysical theories of facts give us no good reason to accept facts in our catalog of the world. In this book Arianna Betti argues that we have no good reason to accept facts in our catalog of the world, at least as they are described by the two major metaphysical theories of facts. She claims that neither of these theories is tenable—neither the theory according to which facts are special structured building blocks of reality nor the theory according to which facts are whatever is named by certain expressions of the form “the fact that such and such.” There is reality, and there are entities in reality that we are able to name, but, Betti contends, among these entities there are no facts. Drawing on metaphysics, the philosophy of language, and linguistics, Betti examines the main arguments in favor of and against facts of the two major sorts, which she distinguishes as compositional and propositional, giving special attention to methodological presuppositions. She criticizes compositional facts (facts as special structured building blocks of reality) and the central argument for them, Armstrong's truthmaker argument. She then criticizes propositional facts (facts as whatever is named in “the fact that” statements) and what she calls the argument from nominal reference, which draws on Quine's criterion of ontological commitment. Betti argues that metaphysicians should stop worrying about facts, and philosophers in general should stop arguing for or against entities on the basis of how we use language.

Economic Doctrines

Economic Doctrines PDF Author: Avtandil Silagadze
Publisher: Nova Science Publishers
ISBN: 9781536153767
Category : Business & Economics
Languages : en
Pages : 170

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Book Description
This book presents research in the old era about the individual elements of economic doctrines that form the basis of the formation of economic science. The aim of the first chapter is to consider the most important economic views (State economic function, budget model, statistics, ownership, etc.) in the ancient epoch (Egypt, Iraq, China, India, etc.). The second chapter deals with the most prominent economic considerations (economics, labor division, money, goods, property, management, etc.) of the famous representatives of the ancient epoch (Ancient Greece, Old Rome), although they did not specifically research economic issues (especially in ancient Greece). The third chapter reveals "mature" economic considerations formed in Western Europe, Kievan Rus', Georgia, Russia, Tunisia etc.) that have finally laid the foundation for economics as a science.

Basic Economics

Basic Economics PDF Author: Thomas Sowell
Publisher: Basic Books
ISBN: 0465056849
Category : Business & Economics
Languages : en
Pages : 990

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Book Description
The bestselling citizen's guide to economics Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.

Wealth, Poverty and Politics

Wealth, Poverty and Politics PDF Author: Thomas Sowell
Publisher: Basic Books
ISBN: 0465096778
Category : Business & Economics
Languages : en
Pages : 258

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Book Description
In Wealth, Poverty, and Politics, Thomas Sowell, one of the foremost conservative public intellectuals in this country, argues that political and ideological struggles have led to dangerous confusion about income inequality in America. Pundits and politically motivated economists trumpet ambiguous statistics and sensational theories while ignoring the true determinant of income inequality: the production of wealth. We cannot properly understand inequality if we focus exclusively on the distribution of wealth and ignore wealth production factors such as geography, demography, and culture. Sowell contends that liberals have a particular interest in misreading the data and chastises them for using income inequality as an argument for the welfare state. Refuting Thomas Piketty, Paul Krugman, and others on the left, Sowell draws on accurate empirical data to show that the inequality is not nearly as extreme or sensational as we have been led to believe. Transcending partisanship through a careful examination of data, Wealth, Poverty, and Politics reveals the truth about the most explosive political issue of our time.

Adam's Fallacy

Adam's Fallacy PDF Author: Duncan K. Foley
Publisher: Harvard University Press
ISBN: 0674027078
Category : Business & Economics
Languages : en
Pages : 284

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Book Description
This book could be called "The Intelligent Person's Guide to Economics." The title expresses Duncan Foley's belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science. Adam's fallacy is the attempt to separate the economic sphere of life, in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome, from the rest of social life, in which the pursuit of self-interest is morally problematic and has to be weighed against other ends.