Thirteen Persistent Economic Fallacies.

Cover -- Contents -- Preface -- A Note on Method in Economics -- 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 -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- R -- S -- T -- U -- V -- W.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.