Fifty Economic Fallacies Exposed
Since 1988, Professor Geoffrey Wood of the Sir John Cass Business School,
City of London, has written a regular column in the IEA's journal
Economic Affairs, in which he exposes popular economic fallacies. This
book collects fifty of these columns and exposes numerous common
fallacies - for example, about the supposed dangers of free trade, the
abilities of governments to control the economy, the effects of
government regulation, and establishing the "correct" rate at which to
join The Euro.
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.