Sequel to the author's 21 popular economic fallacies.
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.
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Thirteen persistent economic fallacies by E. J. Mishan. ISBN 9780313366055. Published by Praeger in 2009. Publication and catalogue information, links to buy online and reader comments.
