Economics Without Illusions
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Economics Without Illusions
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Author : Joseph Heath
language : en
Publisher: Crown Currency
Release Date : 2010-03-30
Economics Without Illusions written by Joseph Heath and has been published by Crown Currency this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-30 with Business & Economics categories.
"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.
The Economics Of Illusion
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Author : L. Albert Hahn
language : en
Publisher: Ludwig von Mises Institute
Release Date : 1949
The Economics Of Illusion written by L. Albert Hahn and has been published by Ludwig von Mises Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1949 with Economics categories.
Filthy Lucre
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Author : Joseph Heath
language : en
Publisher: HarperCollins Canada
Release Date : 2010-06-01
Filthy Lucre written by Joseph Heath and has been published by HarperCollins Canada this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-01 with Social Science categories.
Economists have a bad reputation. Not only do they assume that everyone is self-interested and amoral, they are almost always cheerleaders for the free market. As a result, most people who do not already share their beliefs ignore everything that economists have to say. This is a problem. Even among the highly educated, economics is a minefield of fallacies and errors. Among those who know little about the subject—a group that includes the average taxpayer and consumer, as well as most journalists, political activists and politicians—almost every widely held belief is false. The level of economic illiteracy is stunning. Filthy Lucre aims to level the playing field and, in this time of enormous market volatility and unprecedented instability, raise our level of economic literacy. Drawing on everyday examples to skewer the six favourite economic fallacies of the right and then the left, we learn why the right wing so wrongly believes that capitalism is the natural order of things, that any tax cut is a good tax cut, and that personal responsibility can solve any problem. And, contrary to how the left feels, why we must resist the urge to fiddle with prices, why the pursuit of profit is not such a bad thing, and why, despite efforts to improve or even fix wages, some jobs will always suck.
The Illusion Of Free Markets
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Author : Bernard E. Harcourt
language : en
Publisher: Harvard University Press
Release Date : 2012-11-12
The Illusion Of Free Markets written by Bernard E. Harcourt and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-12 with Business & Economics categories.
It is widely believed today that the free market is the best mechanism ever invented to efficiently allocate resources in society. Just as fundamental as faith in the free market is the belief that government has a legitimate and competent role in policing and the punishment arena. This curious incendiary combination of free market efficiency and the Big Brother state has become seemingly obvious, but it hinges on the illusion of a supposedly natural order in the economic realm. The Illusion of Free Markets argues that our faith in “free markets” has severely distorted American politics and punishment practices. Bernard Harcourt traces the birth of the idea of natural order to eighteenth-century economic thought and reveals its gradual evolution through the Chicago School of economics and ultimately into today’s myth of the free market. The modern category of “liberty” emerged in reaction to an earlier, integrated vision of punishment and public economy, known in the eighteenth century as “police.” This development shaped the dominant belief today that competitive markets are inherently efficient and should be sharply demarcated from a government-run penal sphere. This modern vision rests on a simple but devastating illusion. Superimposing the political categories of “freedom” or “discipline” on forms of market organization has the unfortunate effect of obscuring rather than enlightening. It obscures by making both the free market and the prison system seem natural and necessary. In the process, it facilitated the birth of the penitentiary system in the nineteenth century and its ultimate culmination into mass incarceration today.
The Myth Of The Market
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Author : Jeremy Seabrook
language : en
Publisher: Green Books
Release Date : 1990
The Myth Of The Market written by Jeremy Seabrook and has been published by Green Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Business & Economics categories.
Capitalism
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Author : Fred L. Block
language : en
Publisher: Univ of California Press
Release Date : 2018-05-04
Capitalism written by Fred L. Block and has been published by Univ of California Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-05-04 with Business & Economics categories.
Virtually everyone—left, right, and center—believes that capitalist economies are autonomous, coherent, and regulated by their own internal laws. This view is an illusion. The reality is that economies organized around the pursuit of private profit are contradictory, incoherent, and heavily shaped by politics and governmental action. But the illusion remains hugely consequential because it has been embraced by political and economic elites who are convinced that they are powerless to change this system. The result is cycles of raised hopes followed by disappointment as elected officials discover they have no legitimate policy tools that can deliver what the public wants. In Capitalism, leading economic sociologist Fred L. Block argues that restoring the vitality of the United States and the world economy can be accomplished only with major reforms on the scale of the New Deal and the post–World War II building of new global institutions.
The Terminology Of Economics
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Author : Kalev Jaik
language : en
Publisher:
Release Date : 2009
The Terminology Of Economics written by Kalev Jaik and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Economics categories.
This book is a harsh and original criticism of the existing economic theories, called "sciences", and an introduction into a new and truly scientific theory of economics. The author of the book -- a private philosopher -- concludes, that until now the humanity does not yet have a truly scientific and honest theory of economics, and that such theory must be created. This creation of a new theory will bring along an in-depth revolution in the whole economics as well as the practical economy. The author begins it with a thorough revision of the whole terminology and basic concepts of the economics
The Economic Illusion
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Author : Robert Kuttner
language : en
Publisher: University of Pennsylvania Press
Release Date : 1987-11-29
The Economic Illusion written by Robert Kuttner and has been published by University of Pennsylvania Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987-11-29 with Business & Economics categories.
In The Economic Illusion Robert Kuttner sets out to refute the conventional view that a more egalitarian distribution of income and services is only achievable at the expense of a prosperous and growing capitalism. By carefully examining issues where economic growth and social justice appear to be in conflict—issues such as social security, protectionism, income taxation, and welfare—he convincingly argues that equality and economic prosperity are not mutually exclusive pursuits. As a means to reconcile equality with efficiency—i.e., prosperity—Kuttner argues for economic polices that would deemphasize private markets, for an increase in trade protection, and for an adapted version of the technical approaches of such countries as Sweden, Germany, Austria, and Japan. Kuttner concludes his arguments with the suggestion that injustice is not necessarily an economic issue and that practical social alternatives are possible.
Liberalism Without Illusions
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Author : Bernard Yack
language : en
Publisher: University of Chicago Press
Release Date : 1996-03
Liberalism Without Illusions written by Bernard Yack and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-03 with Political Science categories.
In this tightly organized collection of essays, sixteen distinguished political theorists explore Shklar's intellectual legacy, focusing both on her own ideas and on the broad range of issues that most intrigued her. The volume opens with a series of varied and illuminating assessments of Shklar's conception of liberal politics. The second part, with essays on Descartes and Racine, Hobbes, Rousseau, and Laski, emphasizes the relation between individual freedom and moral psychology in modern political thought. The third part addresses contemporary issues, such as the role of hypocrisy, offensive speech, and constitutional courts in liberal democracies. The book concludes with an autobiographical essay by Shklar that provides a vivid sense of her singular voice and personality.
Economic Myths And Magic
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Author : Norman C. Miller
language : en
Publisher: Edward Elgar Publishing
Release Date : 2023-01-20
Economic Myths And Magic written by Norman C. Miller and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-01-20 with Business & Economics categories.
This insightful and comprehensive book uses theoretical and empirical studies to debunk contemporary illusions about the functionality of economies and examines the phenomena of economic magic and economic black magic. Norman C. Miller considers 11 economic myths, three of which are the theory that excessive imports reduce employment as firms are forced to downsize or shut down, that a more equal distribution of income kills incentives and reduces economic growth rates and the myth that a higher minimum wage always generates a net decrease in employment.