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Since 1988, Professor Geoffrey Wood of the Sir John Cass Business School, has written a regular column in the IEA's journal, Economic Affairs, in which he exposes popular economic fallacies. Fifty Economic Fallacies Exposed collects fifty of these columns and exposes numerous common fallacies. These lucid and stimulating columns are invaluable to students struggling to master some of the complexities of economic theory and its applications, who often find the most effective way to learn economic analysis is to see such fallacies exposed. It is a text particularly suitable for first year economics students, complementing existing textbooks as it does, and clarifying basic concepts in economics while demonstrating the practical uses of economic theory.
In the last fifty years, many aspects of socialism have been rolled back around the world. Indeed, in the 1990s, following the collapse of communism in Central and Eastern Europe, it seemed as if classical liberal ideas had triumphed. But this did not happen by accident. The role of free-market think tanks was critical. This volume draws on the experiences of thirteen authors involved in classical liberal think tanks in different parts of the world. The contributors identify the strategies that have proved successful in influencing the public policy and explain how they can be adapted to local circumstances. Indeed, though the 'war of ideas' has been hard fought, it has been only partially won. New threats to freedom have emerged, including environmentalism and big-government conservatism. In some countries the burden taxation and regulation has never been greater. "Taming Leviathan" is essential reading for anyone involved in the battle against resurgent collectivism.
Aimed at exposing popular economic fallacies, this revised edition clarifies basic concepts while demonstrating the practical uses of economic theory. Topics touched upon include the supposed dangers of free trade, the abilities of governments to control the economy, the effects of government regulation, and whether millions of jobs depend on our continued membership of the European Union. These lucid and stimulating articles are invaluable to anyone struggling to master some of the complexities of economic theory and its applications.
Since 1988, Professor Geoffrey Wood of City University Business School has written a regular column in the Institute's Journal, Economic Affairs, in which he exposes popular economic fallacies. occasional Paper 102 is a collection of these columns which includes many of the fallacies in common circulation - for example, about the supposed dangers of free trade, about the abilities of governments to control economies, about the significance of current account deficits, about the use of fiscal policy to control inflation and about the effects of government regulation of markets. These lucid and stimulating columns are invaluable to students, struggling to master some of the complexities of economic theory and its applications, who often find that the most effective way of learning economic analysis is to see such fallacies exposed. It is a text particularly suitable for first year University students of economics which complements existing textbook by using examples to clarify fundamental concepts in economics and to demonstrate the practical uses of economic theory.
Since 1988, Professor Geoffrey Wood of the Sir John Cass Business School, has written a regular column in the IEA's journal, Economic Affairs, in which he exposes popular economic fallacies. Fifty Economic Fallacies Exposed collects fifty of these columns and exposes numerous common fallacies. These lucid and stimulating columns are invaluable to students struggling to master some of the complexities of economic theory and its applications, who often find the most effective way to learn economic analysis is to see such fallacies exposed. It is a text particularly suitable for first year economics students, complementing existing textbooks as it does, and clarifying basic concepts in economics while demonstrating the practical uses of economic theory.
This volume brings together a collection of seven articles previously published by the author, with a new introduction reframing the articles in the context of past and present questions in anthropology, psychology and human evolution. It promotes the perspective of ‘integrated’ social science, in which social science questions are addressed in a deliberately eclectic manner, combining results and models from evolutionary biology, experimental psychology, economics, anthropology and history. It thus constitutes a welcome contribution to a gradually emerging approach to social science based on E. O. Wilson’s concept of ‘consilience’. Human Cultures through the Scientific Lens spans a wide range of topics, from an examination of ritual behaviour, integrating neuro-science, ethology and anthropology to explain why humans engage in ritual actions (both cultural and individual), to the motivation of conflicts between groups. As such, the collection gives readers a comprehensive and accessible introduction to the applications of an evolutionary paradigm in the social sciences. This volume will be a useful resource for scholars and students in the social sciences (particularly psychology, anthropology, evolutionary biology and the political sciences), as well as a general readership interested in the social sciences.
Analyses the problems faced during six government projects: The R.101 airship; The groundnut scheme; Nuclear power; Concorde; The Channel Tunnel; The Millennium Dome.
Thomas Sowell “both surprises and overturns received wisdom” in this indispensable examination of widespread economic fallacies (The Economist) Economic Facts and Fallacies exposes some of the most popular fallacies about economic issues-and does so in a lively manner and without requiring any prior knowledge of economics by the reader. These include many beliefs widely disseminated in the media and by politicians, such as mistaken ideas about urban problems, income differences, male-female economic differences, as well as economics fallacies about academia, about race, and about Third World countries. One of the themes of Economic Facts and Fallacies is that fallacies are not simply crazy ideas but in fact have a certain plausibility that gives them their staying power-and makes careful examination of their flaws both necessary and important, as well as sometimes humorous. Written in the easy-to-follow style of the author's Basic Economics, this latest book is able to go into greater depth, with real world examples, on specific issues.
Deepak Lal outlines and assesses the validity of a set of beliefs about third world economic development that underlies the thinking of many politicians, bureaucrats, journalists, and academics in both developing and developed countries. In this book Deepak Lal outlines and assesses the validity of a set of beliefs about third world economic development that underlies the thinking of many politicians, bureaucrats, journalists, and academics in both developing and developed countries. He describes the various elements of this "Dirigiste Dogma" and shows how it inevitably breeds corruption. According to Lal, only a market-based liberal economic order can solve the age-old problem of structural mass poverty. Its significant institutional bases include transparent financial systems and sufficiently deep financial markets to allow the hedging of foreign currency risk, and either a floating or rigidly fixed exchange rate.