Thirteen persistent economic fallacies /
Those who believe the fallacies Mishan exposes to the light of reason in this book are, neither ignorant nor careless. The fallacies are all plausible, and intelligent people can be forgiven for believing them. Mishan simply wants readers to see these thirteeen popular, persistent fallacies for what...
Saved in:
| Online Access: |
Full text (MCPHS users only) |
|---|---|
| Main Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Westport, Conn. :
Praeger,
2009
|
| Subjects: | |
| Local Note: | ProQuest Ebook Central |
Table of Contents:
- Fallacy 1 : U.S. goods cannot compete effectively with those produced by cheap labor in countries such as China
- Fallacy 2 : Immigrant labor confers economic benefits on the host country
- Fallacy 3 : Globalization acts to raise living standards in the West
- Fallacy 4 : Countries forming a common market reap economic benefits
- Fallacy 5 : Rent controls are necessary during a housing shortage
- Fallacy 6 : The fact that women's earnings are significantly below those of men is evidence of discrimination
- Fallacy 7 : A reduction in building costs will reduce house prices
- Fallacy 8 : Jobs are lost when a factory or business closes down, and vice versa
- Fallacy 9 : A competitive private enterprise economy tends to produce economic efficiency
- Fallacy 10 : A subsidy to university education is justified since it promotes equality of opportunity and confers benefits on society as a whole
- Fallacy 11 : The national debt is a burden on future generations
- Fallacy 12 : Inflation is caused by an excessive increase in the supply of money
- Fallacy 13 : The rate of economic growth over time is a good index of the growth of people's satisfaction.
