Economic Facts and Fallacies is designed for individuals who want to understand economic issues without getting bogged down in economic jargon, graphs, or political rhetoric. Writing inside a lively manner that does not need 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 press and by politicians: fallacies about urban problems, income distinctions, male-female economic variations, academia, race, and UNDER-DEVELOPED countries. While many of these fallacies possess a certain plausibility that provides them their stamina, this makes it even more important to cautiously examine their defects. Sowell retains these beliefs beneath the microscope and attracts conclusions that are sure to inspire rigorous issue.