Thirteen persistent economic fallacies /
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| Format: | Book |
| Language: | English |
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Westport, Conn. :
Praeger,
2009.
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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.