From renowned economist Thomas Sowell, an indispensable examination of widespread economic fallacies "From one of America's most noted conservative economists, a short, original book that offers some unconventional ideas about how to think about common economic topics." ―Baltimore Sun In this revised and expanded edition of 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. These fallacies include many beliefs widely disseminated in the media and by politicians, such as fallacies about urban problems, income differences, male-female economic differences, as well as economic fallacies about academia, about race, and about Third World countries.