Economics Without Illusions

Debunking the Myths of Modern Capitalism

Business & Finance, Economics, Free Enterprise, Economic Conditions, Nonfiction, Social & Cultural Studies, Political Science, Politics
Cover of the book Economics Without Illusions by Joseph Heath, The Crown Publishing Group
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Author: Joseph Heath ISBN: 9780307590596
Publisher: The Crown Publishing Group Publication: March 30, 2010
Imprint: Crown Business Language: English
Author: Joseph Heath
ISBN: 9780307590596
Publisher: The Crown Publishing Group
Publication: March 30, 2010
Imprint: Crown Business
Language: English

"Economics is haunted by more fallacies than any other study known to man." -- Henry Hazlitt, Economics in One Lesson (1946)

Every day economic claims are used by the media or in conversation to support social and political positions. Those on the left tend to distrust economists, seeing them as friends of the right. There is something to this, since professional economists are almost all keen supporters of the free market. Yet while factions on the right naturally embrace economists, they also tend to overestimate the effect of their support on free-market policies. The result is widespread confusion. In fact, virtually all commonly held beliefs about economics--whether espoused by political activists, politicians, journalists or taxpayers--are just plain wrong.

Professor Joseph Heath wants to raise our economic literacy and empower us with new ideas. In Economics Without Illusions, he draws on everyday examples to skewer the six favourite economic fallacies of the right, followed by impaling the six favourite fallacies of the left. Heath leaves no sacred cows untipped as he breaks down complex arguments and shows how the world really works. The popularity of such books as Freakonomics and Predictably Irrational demonstrates that people want a better understanding of the financial forces that affect them. Highly readable, cogently argued and certain to raise ire along all points of the socio-political spectrum, Economics Without Illusions offers readers the economic literacy they need to genuinely understand and critique the pros and cons of capitalism.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

"Economics is haunted by more fallacies than any other study known to man." -- Henry Hazlitt, Economics in One Lesson (1946)

Every day economic claims are used by the media or in conversation to support social and political positions. Those on the left tend to distrust economists, seeing them as friends of the right. There is something to this, since professional economists are almost all keen supporters of the free market. Yet while factions on the right naturally embrace economists, they also tend to overestimate the effect of their support on free-market policies. The result is widespread confusion. In fact, virtually all commonly held beliefs about economics--whether espoused by political activists, politicians, journalists or taxpayers--are just plain wrong.

Professor Joseph Heath wants to raise our economic literacy and empower us with new ideas. In Economics Without Illusions, he draws on everyday examples to skewer the six favourite economic fallacies of the right, followed by impaling the six favourite fallacies of the left. Heath leaves no sacred cows untipped as he breaks down complex arguments and shows how the world really works. The popularity of such books as Freakonomics and Predictably Irrational demonstrates that people want a better understanding of the financial forces that affect them. Highly readable, cogently argued and certain to raise ire along all points of the socio-political spectrum, Economics Without Illusions offers readers the economic literacy they need to genuinely understand and critique the pros and cons of capitalism.

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