Economics Without Illusions: Debunking the Myths of Modern Capitalism

Economics Without Illusions: Debunking the Myths of Modern Capitalism

Joseph Heath

"Economics is haunted by means of extra fallacies than the other learn identified to man."  -- Henry Hazlitt, Economics in a single Lesson (1946)

Every day fiscal claims are utilized by the media or in dialog to aid social and political positions. these at the left are likely to mistrust economists, seeing them as acquaintances of the appropriate. there's something to this, seeing that specialist economists are just about all willing supporters of the loose marketplace. but whereas factions at the correct clearly include economists, in addition they are inclined to overestimate the impression in their help on free-market guidelines. the result's frequent confusion. in truth, almost all mostly held ideals approximately economics--whether espoused by means of political activists, politicians, reporters or taxpayers--are simply undeniable wrong.

Professor Joseph Heath desires to bring up our fiscal literacy and empower us with new principles. In Economics with out Illusions, he attracts on daily examples to skewer the six favorite financial fallacies of definitely the right, by way of impaling the six favorite fallacies of the left. Heath leaves no sacred cows untipped as he breaks down complicated arguments and indicates how the area quite works. the recognition of such books as Freakonomics and Predictably Irrational demonstrates that folks desire a larger realizing of the monetary forces that impact them.  hugely readable, cogently argued and sure to elevate ire alongside all issues of the socio-political spectrum, Economics with no Illusions offers readers the industrial literacy they should really comprehend and critique the professionals and cons of capitalism.

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