---
product_id: 276436222
title: "Economic Facts and Fallacies: Second Edition"
price: "S$42"
currency: SGD
in_stock: true
reviews_count: 5
url: https://www.desertcart.sg/products/276436222-economic-facts-and-fallacies-second-edition
store_origin: SG
region: Singapore
---

# Economic Facts and Fallacies: Second Edition

**Price:** S$42
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- **What is this?** Economic Facts and Fallacies: Second Edition
- **How much does it cost?** S$42 with free shipping
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## Description

Economic Facts and Fallacies: Second Edition : Sowell, Thomas: desertcart.ae: Books

Review: This book consistently surprises and delights the reader with hard facts neglected by popular commentators, talking heads in the media, and those whose political self-interest lies in painting a picture of growing economic inequality. It's a real pleasure to be shown the other side of the argument in so many cases, and to witness how selective presentation of evidence has distorted the debate on identity politics for so long. For example, - there is a popular myth that household income has fallen in the last 50 years in some communities. But Sowell shows us that this is because household sizes have shrunk, not because wages have fallen. - The gap in income between the bottom 20% and the top 20% has risen. But this is partially because government benefits are not factored into "income". Neither are assets or the benefits accruing from them; a 70 year old homeowner may have a lower income than a 20 year old apartment renter, but it is fallacious to say the former is "worse off" than the latter. - Very few of the same people in the top 20% 30 years ago are still in the top 20% - most have fallen out of it. And many who were in the bottom 20% 30 years ago have risen out of it. The same applies to countries too. A couple of criticisms; - Firstly, Sowell often discusses only his side of the argument in an effort to prove his point. This kind of protectionism isn't needed; his arguments are stronger than those he is criticising. He should be more willing to present both sides with equal prominence and let the reader realise where the balance lies. But you can't really blame him for doing this given the highly politicised academic environment he works in. Secondly, the prose style is a little abstruse. Sowell doesn't indicate the start - or end - of his sub-clauses very clearly, so you occasionally have to re-read sentences a few times to fully understand them. But this is nit-picking. Overall this book is a welcome, refreshing antidote to the groupthink infecting our education system. Conservatives will welcome the solid intellectual nourishment. Liberals will benefit from some variation in their diet.
Review: Great

## Technical Specifications

| Specification | Value |
|---------------|-------|
| Best Sellers Rank | #22,275 in Books ( See Top 100 in Books ) #19 in Macroeconomics #32 in Economic Conditions #42 in Theory & Philosophy of Economics |
| Customer reviews | 4.8 4.8 out of 5 stars (1,751) |
| Dimensions  | 13.97 x 1.91 x 20.96 cm |
| Edition  | 2nd |
| ISBN-10  | 0465022030 |
| ISBN-13  | 978-0465022038 |
| Item weight  | 1.05 Kilograms |
| Language  | English |
| Print length  | 304 pages |
| Publication date  | 22 March 2011 |
| Publisher  | Basic Books |

## Images

![Economic Facts and Fallacies: Second Edition - Image 1](https://m.media-amazon.com/images/I/61AoQx9ycDL.jpg)

## Customer Reviews

### ⭐⭐⭐⭐⭐ Review
*by N***2 on 30 October 2019*

This book consistently surprises and delights the reader with hard facts neglected by popular commentators, talking heads in the media, and those whose political self-interest lies in painting a picture of growing economic inequality. It's a real pleasure to be shown the other side of the argument in so many cases, and to witness how selective presentation of evidence has distorted the debate on identity politics for so long. For example, - there is a popular myth that household income has fallen in the last 50 years in some communities. But Sowell shows us that this is because household sizes have shrunk, not because wages have fallen. - The gap in income between the bottom 20% and the top 20% has risen. But this is partially because government benefits are not factored into "income". Neither are assets or the benefits accruing from them; a 70 year old homeowner may have a lower income than a 20 year old apartment renter, but it is fallacious to say the former is "worse off" than the latter. - Very few of the same people in the top 20% 30 years ago are still in the top 20% - most have fallen out of it. And many who were in the bottom 20% 30 years ago have risen out of it. The same applies to countries too. A couple of criticisms; - Firstly, Sowell often discusses only his side of the argument in an effort to prove his point. This kind of protectionism isn't needed; his arguments are stronger than those he is criticising. He should be more willing to present both sides with equal prominence and let the reader realise where the balance lies. But you can't really blame him for doing this given the highly politicised academic environment he works in. Secondly, the prose style is a little abstruse. Sowell doesn't indicate the start - or end - of his sub-clauses very clearly, so you occasionally have to re-read sentences a few times to fully understand them. But this is nit-picking. Overall this book is a welcome, refreshing antidote to the groupthink infecting our education system. Conservatives will welcome the solid intellectual nourishment. Liberals will benefit from some variation in their diet.

### ⭐⭐⭐⭐⭐ Review
*by A***R on 18 November 2025*

Great

### ⭐⭐⭐⭐⭐ Review
*by D***A on 17 May 2025*

Good book

## Frequently Bought Together

- Economic Facts and Fallacies, 2nd edition
- Principles: Life and Work
- Mindset: The New Psychology of Success

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*Last updated: 2026-01-23*