Subjecting beliefs to the test of hard facts is especially important when it comes to economic beliefs because economic realities are inescapable limitations on millions of peoples lives, so that policies based on fallacies can be devastating in. Summary of economic facts and fallacies thomas sowell ebook. 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. He discusses the misleading nature of measured income inequality, ceo pay, why nations grow or stay poor, the role of intellectuals and experts in designing public policy, and. There are a lot of interesting points made about why we think this and what we should actually do.
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