Economics Without Illusions (Filthy Lucre) -epub

Economics is haunted by more fallacies than any other study known to man." -- Henry Hazlitt, Economics in One Lesson (1946) Every day economic claims are used by the media or in conversation to support social and political positions. Those on the left tend to distrust economists, seeing them as friends of the right. There is something to this, since professional economists are almost all keen supporters of the free market. Yet while factions on the right naturally embrace economists, they also tend to overestimate the effect of their support on free-market policies. The result is widespread confusion. In fact, virtually all commonly held beliefs about economics--whether espoused by political activists, politicians, journalists or taxpayers--are just plain wrong. Professor Joseph Heath wants to raise our economic literacy and empower us with new ideas. In Economics Without Illusions, he draws on everyday examples to skewer the six favourite economic fallacies of the right, followed by impaling the six favourite fallacies of the left. Heath leaves no sacred cows untipped as he breaks down complex arguments and shows how the world really works. The popularity of such books as Freakonomics and Predictably Irrational demonstrates that people want a better understanding of the financial forces that affect them. Highly readable, cogently argued and certain to raise ire along all points of the socio-political spectrum, Economics Without Illusions offers readers the economic literacy they need to genuinely understand and critique the pros and cons of capitalism. Paperback: 352 pages Publisher: Crown Business; 1 edition (March 30, 2010) Language: English

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asc11 (2011-08-22)

The (purported) fallacies:
PART I. RIGHT–WING FALLACIES
1. CAPITALISM IS NATURAL - Why the market actually depends on government
2. INCENTIVES MATTER - … except when they don’t
3. THE FRICTIONLESS PLANE FALLACY - Why more competition is not always better
4. TAXES ARE TOO HIGH - The myth of the government as consumer
5. UNCOMPETITIVE IN EVERYTHING - Why international competitiveness doesn’t matter
6. PERSONAL RESPONSIBILITY - How the right misunderstands moral hazard
PART II. LEFT-WING FALLACIES
7. THE JUST PRICE FALLACY - The temptation to fiddle with prices, and why it should be resisted
8. THE "PSYCHOPATHIC" PURSUIT OF PROFIT - Why making money is not so bad after all
9. CAPITALISM IS DOOMED - Why "the system" is unlikely to collapse (despite appearances to the contrary)
10. EQUAL PAY - Why some jobs must suck, in every aspect
11. SHARING THE WEALTH - Why capitalism produces so few capitalists
12. LEVELING DOWN - The wrong way to promote equality

ODBC (2012-12-09)

Thank you for sharing.

Ponleu18 (2013-09-05)

Thank you so much.