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Article: Economic Facts and Fallacies.(Book review)
- Article from:
- Business Economics
- Article date:
- October 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 The National Association for Business Economists. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 campaign season, many of them will be shamelessly repeated over and over again in hopes that audiences ...