Review of Economic Facts and Fallacies

Peter Orazem

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: The latest book by prolific author Thomas Sowell, the Rose and Milton Friedman Senior Fellow at Stanford University’s Hoover Institution, has two aims: to provide a list of widely held but demonstrably false economic beliefs and then to demonstrate their invalidity using hard facts. These economic beliefs come in six areas: the economics of cities, differences between men and women, differences among races, higher education, income inequality, and developing economies. He deals with each topic in a separate chapter.

Date: 2009-01-01
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