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Economic Facts and Fallacies
by Thomas Sowell · 2008
★★★★★Editor's Pickbeginner
Sowell systematically demolishes the most persistent economic myths: that trade deficits are bad, that third-world nations are poor because first-world nations are rich, that rent control helps the poor. Each chapter takes a widely-believed fallacy and shows, with evidence, why it is wrong.
★ Why We Recommend It
This is one of the most important works in the liberty tradition — essential for any serious student of free markets and individual rights.
Best For:New to libertyFirst-time readersGift for a friend
★ Key Takeaways
What You'll Learn from Economic Facts and Fallacies
- 1This work offers rigorous analysis of its subject from a liberty-oriented perspective.
- 2The author builds a systematic argument from first principles.
- 3The implications for policy and practice are far-reaching.
- 4Readers will gain tools for understanding the unintended consequences of intervention.
- 5Essential reading for anyone serious about the ideas of freedom.
★ About the Author
Thomas Sowell
Thomas Sowell (1930–2024) was a senior fellow at the Hoover Institution, Stanford University.
★ Meet the Author
Watch: Thomas Sowell
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