Listen free for 30 days

Listen with offer

Preview
  • Economic Facts and Fallacies

  • By: Thomas Sowell
  • Narrated by: Jeff Riggenbach
  • Length: 9 hrs and 45 mins
  • 4.7 out of 5 stars (160 ratings)

£0.00 for first 30 days

Pick 1 audiobook a month from our unmatched collection - including bestsellers and new releases.
Listen all you want to thousands of included audiobooks, Originals, celeb exclusives, and podcasts.
Access exclusive sales and deals.
£7.99/month after 30 days. Renews automatically. See here for eligibility.

Economic Facts and Fallacies

By: Thomas Sowell
Narrated by: Jeff Riggenbach
Try for £0.00

£7.99/month after 30 days. Renews automatically. See here for eligibility.

Buy Now for £15.99

Buy Now for £15.99

Pay using card ending in
By completing your purchase, you agree to Audible's Conditions of Use and authorise Audible to charge your designated card or any other card on file. Please see our Privacy Notice, Cookies Notice and Interest-based Ads Notice.

Summary

Economic Facts and Fallacies is designed for people who want to understand economic issues without getting bogged down in economic jargon, graphs, or political rhetoric. Writing in a lively manner that does not require any prior knowledge of economics, Thomas Sowell exposes some of the most popular fallacies about economic issues, including many that are widely disseminated in the media and by politicians: fallacies about urban problems, income differences, male-female economic differences, academia, race, and Third World countries.

While all of these fallacies have a certain plausibility that gives them their staying power, this makes it even more important to carefully examine their flaws. Sowell holds these beliefs under the microscope and draws conclusions that are sure to inspire rigorous debate.

©2008 Blackstone Audio, Inc. (P)2008 Blackstone Audio, Inc.
activate_Holiday_promo_in_buybox_DT_T2

Listeners also enjoyed...

Black Rednecks and White Liberals cover art
Applied Economics cover art
Dismantling America cover art
Discrimination and Disparities cover art
Intellectuals and Race cover art
Knowledge and Decisions cover art
Social Justice Fallacies cover art
The Housing Boom and Bust cover art
The Quest for Cosmic Justice cover art
The Vision of the Anointed cover art
Wealth, Poverty, and Politics cover art
Basic Economics, Fourth Edition cover art
Intellectuals and Society cover art
$100M Offers cover art
The Politically Incorrect Guide to Capitalism cover art
Economics in One Lesson cover art

Critic reviews

"Sowell is fearless and invariably so far ahead of the curve in discussing economics or politics or pretty much anything that the rest of us are left with eating his intellectual dust. I can't think of a higher compliment that that." (Fred Barnes, Executive Editor, Weekly Standard)

What listeners say about Economic Facts and Fallacies

Average customer ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    127
  • 4 Stars
    23
  • 3 Stars
    3
  • 2 Stars
    4
  • 1 Stars
    3
Performance
  • 4.5 out of 5 stars
  • 5 Stars
    104
  • 4 Stars
    22
  • 3 Stars
    8
  • 2 Stars
    1
  • 1 Stars
    2
Story
  • 4.5 out of 5 stars
  • 5 Stars
    106
  • 4 Stars
    17
  • 3 Stars
    5
  • 2 Stars
    3
  • 1 Stars
    3

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Fantastic. highly recommend.

This book provides a fantastic critic on many long standing issues.
Sowell is libertarian. I’d especially recommend this book to people who are more socialist by leaning as it gives a very cogent argument for libertarianism which you may not have been exposed to.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

2 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Another great Sowell book

Another great Sowell book although there is a lot of overlap between this and Sowell's Basic Economics.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

4 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Essential listening

Although this book is more than a decade old it’s still relevant to our current times.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

logical simple to follow...

this book breaks down the problem of making decisions based on preconceived notions without prior proper investigation necessary in many important matters in our society..

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

2 people found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    4 out of 5 stars

Sentiment is good but conclusions are shaky

The sentiment that statistics should be properly dissected with terms being well defined to make sure what is being represented is true is good. I think it's misapplied slightly. 3rd party observers are what researchers are. While that point is caveated, it is important to state that 3rd party observers can have a perspective which is not tainted by the closeness to a problem/situation. Overall still good for broadening your thinking

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Must listen!

Gives a good insight into why #BLM is a massive marxist con. Well worth paying attention.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

5 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars

The importance of reading data in the right way

“Lies, Damned Lies and Statistics!”
The importance of digging deeper into any assertions and statistics, is made clear, in this very important and impressive book.
Whether you’re on the Left or on the Right; there are lessons that you can learn from this.

Go back and analyse some of your personal assertions and beliefs; whether on immigration, man-made climate-change or racism …

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Fantastic

Fantastic listen which really expands on core economic concepts, using real world examples in laymans terms. Narrator did a great job.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    2 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    2 out of 5 stars

Some good points but clearly biased

Most of the information is presented with relevant studies cited but there is an implicit assumption that everything is a commodity and that productivity and profit takes precedent at all costs. A convincing argument is presented for the gender pay gap issue citing there is more than just saying x% of this and y% of that, but then there is a mention of disproportionate proportion of liberal minds in academia as faculty without any analysis like what was done with the pay gap issue. An unbiased analysis, in my view, would dive deep into this issue like how the author talks about the gender pay gap, since for all we know, it is possible that liberal minded people prefer to forgo higher salaries and teach the next generation due to their sense of wanting to help others more compared to conservative minded people who would choose industry where there is better pay on average

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

3 people found this helpful

  • Overall
    1 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    1 out of 5 stars

Somewhere between stupid and evil

Arguing in the first chapter that all transactions are beneficial for both parties completely ignores the endless scenarios in which people don’t have a choice (when there’s a monopoly for example). The premise of libertarianism which this book heavily relies on is that everyone are equal in power and no one is stupid or evil. Can anyone seriously argue this reflects reality?

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!