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Thomas Sowell's Economic Facts and Fallacies

What role does race and gender-based discrimination actually play in economic prosperity? To what extent should the government impose economic regulations to equal the playing field? Why have some countries experienced economic prosperity throughout history while others seem to have been victims of modernity and capitalism? How do universities really generate revenue? How does the way that we define terms like the "middle class" impact our political views? Is it ever possible to remove oneself from the rules of economic transactions in a capitalist system....and if one could, would one really want to?

You don't have to know ANYTHING about economics to understand and appreciate Sowell's Economic Facts and Fallacies. Sowell is a highly acclaimed economist who uses a "common sense" approach to economics in order to dispell common economic myths with logical explainations that are difficult to dispute. This book is short and to the are bound to learn something galvanizing that you did not know before! Why does economics pertain to philosophy? Some historians and philosophers - like Marx, Foucault, and Martha Nussbaum - would argue that economic development plays a KEY role in the construction of cultural norms and ethical attitudes. After you read this book, do you agree or disagree?

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  • A former member
    A former member

    Our discussion was more interesting than Sowell's book.

    June 4, 2009

  • Amy

    See you all tomorrow at 7pm!

    June 2, 2009

  • Amy

    Marxism: Philosophy and Economics (Thomas Sowell)...Sowell is a former Marxist and this book is his critique of Marxism. For those of you who want to explore the connection between philosophy and economics, you might want to read this book for enrichment. There are SOOOO many Continental philosophers who have been influenced by the entire school of Critical Theory....this might be important to anyone who is interested in contemporary social and political philosophy.

    May 8, 2009

  • Amy

    Brian: Great suggestion! I will look into this, as I have already read Sowell and would appreciate counterarguments.

    May 8, 2009

  • Brian

    Another great book on the subject: Economics in One Lesson by Henry Hazlitt. Available for free online. Each chapter covers common fallacies of even the most famous economists.

    May 7, 2009

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