Economic Facts and Fallacies

Blackstone Audio Inc.

Narrated by Jeff Riggenbach

9 hr 45 min
3

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. Many of these fallacies are not simply crazy ideas. They have a certain plausibility that gives them their staying power, making it necessary-and sometimes humorous-to carefully examine their flaws. Sowell holds these beliefs under the microscope and draws conclusions that are sure to inspire rigorous debate.
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Additional Information

Publisher
Blackstone Audio Inc.
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Published on
May 1, 2008
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Duration
9h 45m 34s
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ISBN
9781481583343
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Language
English
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Genres
Business & Economics / Economics / General
Business & Economics / General
Political Science / Political Economy
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Export option
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Eligible for Family Library

Listening information

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John Maynard Keynes died in 1946, but his name is still one to conjure with in economics and politics worldwide. Although his contributions to economic theory established and maintain his fame, he also - particularly at the time in his life when he wrote the present book, Economic Consequences of the Peace - showed a flair for practical political work on the basis of economics in his work with the Royal Commission on Indian Currency and Finance.

At the outbreak of World War I, he began working with the British Treasury; in January 1915 he took up an official position there. At the end of the war he was appointed as the British Treasury's representative to the Versailles Peace Conference. His experiences at the Conference formed the basis of this book.

In short, he was so disgusted with the resulting treaty that he resigned his post.

This is not a theoretical text. It is a data-driven study of the consequences that must follow if the provisions of the Treaty of Versailles were put into full effect. To the extent that they were, Keynes was largely proven right; to the extent that they were ignored, delayed, or abrogated altogether, Keynes was also proven right: such measures were never put in practice because they were impossible.

Beyond practical economics and politics, his book is also a clear call for intelligent magnanimity in politics, both in peace and in war. His vision is of a world at peace in which the prosperity of each nation contributes to the prosperity of all people. He clearly demonstrates the practical working of that vision in his analysis of the disasters that would happen if the effort to rebuild war-torn Europe proceeded on a punitive basis versus the positive results of proceeding on a basis not of enmity, but of equity.

In order to avoid forcing the listener to listen to long recitations of numeric tables, there are small abridgements at a few points in the book. However, no substantial text has been removed and Keynes' arguments and methods of analysis remain intact.

This is economics; there are some places where the numerical facts get a little dense, but Keynes succeeds in keeping his argument clear even when the going gets heavy.

A Freshwater Seas audio production.

Intellectuals and Race is a radical book in the original sense-one that goes to the root of the problem. The role of intellectuals in racial strife is explored in an international context that puts the American experience in a wholly new light.Intellectuals have played a major role in racial issues throughout the centuries. Though their individual views may differ, as a whole their views tend to group, and just over the course of the twentieth century, they have shifted from one end of the spectrum to the other. Surprisingly, these radically different views of race were held by intellectuals whose views on other issues were often very similar.Intellectuals and Race is not, however, a book about history, even though it has much historical evidence, as well as demographic, geographic, and economic evidence-all of it directed toward testing the underlying assumptions about race that have prevailed at times among intellectuals in general, and especially at their highest levels. Nor is this simply a theoretical exercise. Sowell's ultimate concern is the impact of intellectual movements on the larger society, both past and present. These ideas and crusades have ranged widely from racial theories of intelligence to eugenics to "social justice" and multiculturalism.In addition to in-depth examinations of these and other issues, Intellectuals and Race explores the incentives, the visions, and the rationales that drive intellectuals at the highest levels to conclusions that have often turned out to be counterproductive and even disastrous, not only for particular racial or ethnic groups but for societies as a whole.
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