Facts and fallacies of economics

The ideal book for those who want to understand economic issues without jargon and tedious graphs.

With brilliant argumentation and extreme clarity, acclaimed economist Thomas Sowell objectively demonstrates how economic data and popular beliefs are biasedly constructed by common sense, reinforced by politicians, and disseminated by the media. By analyzing some of the most popular fallacies in economics, he dispels widely held beliefs about urban problems, income inequality between men and women, and issues related to racial differences and developing countries, among others. Facts and Fallacies of Economics is intended for anyone who wishes to understand economic issues without jargon and tedious graphs, showing that carefully examining the fallacies that surround us is an important—and even fun—exercise.