Economic Facts and Fallacies.(Book review)

Business Economics | October 1, 2008| | Copyright

By Thomas Sowell. 2008. New York, NY, Basic Books. Pp. 272. $26.00 hardcover.

In this book, Thomas Sowell, the well-known conservative African-American economist, marshals volumes of facts from statistics, history, and economics and assorted other disciplines to dispel "false beliefs" or fallacies. Most of the fallacies of concern underlie economic policies that have not achieved their objectives and have often led to disastrous unintended consequences. Others are the basis of arguments for policies that, if implemented, would have harmful effects. During this ...

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