Economic Facts and Fallacies

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9780465022038: Economic Facts and Fallacies
Reseña del editor:

From one of America's most distinguished economists, here comes a short, brilliant and revelatory book: the fundamental ideas people most commonly get wrong about economics, and how to think about the subject better. One reason fallacies are so destructive is that they are not simply crazy ideas. They are usually both plausible and logical, which gains them political support, and only after the ideas they engender have turned into disastrous policies do people think to wonder why they were ever considered attractive. "Economic Facts and Fallacies" explains why fallacies abound in economic thinking and why they have such political staying power. It describes the essential types of fallacies - the zero-sum fallacy, which assumes that one person's gain is another's equal loss; the 'fallacy of composition', the assumption that what is true of the part is true of the whole; the 'chess-pieces fallacy', which assumes that people's actions can be manipulated and predicted in a rational way; and, the open-ended fallacy, which assumes that certain resources are essentially unlimited - and shows how these and other misconceptions commonly affect thinking on race, urban planning, gender relations, income and other subjects.

Biografía del autor:

Thomas Sowell has taught economics at Cornell, UCLA, Amherst and other academic institutions, and his Basic Economics has been translated into six languages. He is currently a scholar in residence at the Hoover Institution, Stanford University. He has published in both academic journals in such popular media as the Wall Street Journal, Forbes magazine and Fortune, and writes a syndicated column that appears in newspapers across the country.

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Sowell, Thomas
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Descripción The Perseus Books Group, United States, 2011. Paperback. Estado de conservación: New. 2nd Revised edition. 208 x 140 mm. Language: English . Brand New Book. 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. Nº de ref. de la librería AAS9780465022038

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Descripción The Perseus Books Group, United States, 2011. Paperback. Estado de conservación: New. 2nd Revised edition. 208 x 140 mm. Language: English . Brand New Book. 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. Nº de ref. de la librería AAS9780465022038

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Descripción The Perseus Books Group. Paperback. Estado de conservación: new. BRAND NEW, Economic Facts and Fallacies (2nd), Thomas Sowell, From one of America's most distinguished economists, here comes a short, brilliant and revelatory book: the fundamental ideas people most commonly get wrong about economics, and how to think about the subject better. One reason fallacies are so destructive is that they are not simply crazy ideas. They are usually both plausible and logical, which gains them political support, and only after the ideas they engender have turned into disastrous policies do people think to wonder why they were ever considered attractive. "Economic Facts and Fallacies" explains why fallacies abound in economic thinking and why they have such political staying power. It describes the essential types of fallacies - the zero-sum fallacy, which assumes that one person's gain is another's equal loss; the 'fallacy of composition', the assumption that what is true of the part is true of the whole; the 'chess-pieces fallacy', which assumes that people's actions can be manipulated and predicted in a rational way; and, the open-ended fallacy, which assumes that certain resources are essentially unlimited - and shows how these and other misconceptions commonly affect thinking on race, urban planning, gender relations, income and other subjects. Nº de ref. de la librería B9780465022038

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