Economic Myths and the Mythology of Economics (Routledge Revivals)

Economic Myths and the Mythology of Economics (Routledge Revivals) PDF

Author: E. J. Mishan

Publisher: Routledge

Published: 2012-10-12

Total Pages: 232

ISBN-13: 1136586377

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First published in 1986, Economic Myths and the Mythology of Economics is a polemical study in which the author focuses on the popular myths and misconceptions that colour our understanding of economic issues. Professor Mishan, the internationally recognised economist and expert in the field of resource allocation and cost benefit analysis, undermines the idea that economics is a science. But such are popular myths, he argues, that governments employ battalions of economists in their ongoing attempts to promote economic growth, efficiency and employment. The author challenges the validity and measurement of such concepts as economic efficiency and GNP, and questions the assumption that free competitive markets can operate effectively in a rapidly changing, high-technology society. Professor Mishan foresees in his study further expansion as an unavoidable consequence of continued innovation, while revealing the interconnecting processes by which innovative activity, designed to raise living standards, has begun to erode the moral and psychological foundations of a viable and libertarian society.

Myth-Busting Economics

Myth-Busting Economics PDF

Author: Stephen Koukoulas

Publisher: John Wiley & Sons

Published: 2015-04-07

Total Pages: 194

ISBN-13: 0730321983

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A practical, easy-to-follow guide to understanding and responding to Australian economic trends How does the fall in the Dow Jones or the rise in the Chinese yuan impact your personal finances? Using practical and real-world examples, Myth-busting Economics helps you make informed decisions for yourself and your business. Written by a leading economist, this frank, fact-filled, no-nonsense guide provides special insights into the Australian economy in Asia, commodity prices, housing affordability, the impact of an aging population on the economy, and much more. This book outlines the themes that people of all ages, incomes, and levels of wealth need to consider in the context of their personal finances. You'll get a better understanding of the key issues and find out how to fully prepare for the uncertainties lurking beneath the surface and you'll learn how to take advantage of emerging opportunities. Economics dominates the news, but figuring out what is really important is no easy task. At last, this myth-busting book clears the air and gives you the facts you really need to be ready for the future. Learn what the economy means to you, your family, and your business Prepare for the coming economic trends now Understand what drives business through inevitable ups and downs Get a firm grasp on the major economic issues that impact your finances Our lives are inexorably linked to the economy, but few Australians credit just how much economic trends affect their financial growth and security. Myth-busting Economics closes the gap in financial literacy and provides clarification and expert insight to help you navigate the road ahead.

The Myth of Capitalism

The Myth of Capitalism PDF

Author: Jonathan Tepper

Publisher: John Wiley & Sons

Published: 2023-04-25

Total Pages: 349

ISBN-13: 1394184069

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The Myth of Capitalism tells the story of how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. Digital monopolies like Google, Facebook and Amazon act as gatekeepers to the digital world. Amazon is capturing almost all online shopping dollars. We have the illusion of choice, but for most critical decisions, we have only one or two companies, when it comes to high speed Internet, health insurance, medical care, mortgage title insurance, social networks, Internet searches, or even consumer goods like toothpaste. Every day, the average American transfers a little of their pay check to monopolists and oligopolists. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. The Myth of Capitalism is the story of industrial concentration, but it matters to everyone, because the stakes could not be higher. It tackles the big questions of: why is the US becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.

Economic Myths and the Mythology of Economics (Routledge Revivals)

Economic Myths and the Mythology of Economics (Routledge Revivals) PDF

Author: E. J. Mishan

Publisher: Routledge

Published: 2012-10-12

Total Pages: 231

ISBN-13: 1136586385

DOWNLOAD EBOOK →

First published in 1986, Economic Myths and the Mythology of Economics is a polemical study in which the author focuses on the popular myths and misconceptions that colour our understanding of economic issues. Professor Mishan, the internationally recognised economist and expert in the field of resource allocation and cost benefit analysis, undermines the idea that economics is a science. But such are popular myths, he argues, that governments employ battalions of economists in their ongoing attempts to promote economic growth, efficiency and employment. The author challenges the validity and measurement of such concepts as economic efficiency and GNP, and questions the assumption that free competitive markets can operate effectively in a rapidly changing, high-technology society. Professor Mishan foresees in his study further expansion as an unavoidable consequence of continued innovation, while revealing the interconnecting processes by which innovative activity, designed to raise living standards, has begun to erode the moral and psychological foundations of a viable and libertarian society.

The Thirteen Great Economic/Business Myths That Dominate Our Lives

The Thirteen Great Economic/Business Myths That Dominate Our Lives PDF

Author: Sanford Kahn

Publisher: iUniverse

Published: 2007-04

Total Pages: 45

ISBN-13: 0595439837

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Myths--these unconscious or semi-conscious beliefs have a strong influence on how we orient our behavior and actions. The ones that seem to influence us the most are directed towards our personal lives. But, there are business and economic myths as well that have a profound impact on our decisions both personally and professionally. The problem arises when some of these myths are believed to be true when in actuality they maybe false or only partly true. For example, a popular myth explored by the book, is that we live in a world that is changing quickly. This myth is widely believe to be true, but in reality is only partially true. The goal of the book is to explore some of these business and economic myths and their accuracy. It is to give you a different point of view that is somewhat out of the mainstream of popular belief.

You’re Paid What You’re Worth

You’re Paid What You’re Worth PDF

Author: Jake Rosenfeld

Publisher: Harvard University Press

Published: 2021-01-19

Total Pages: 385

ISBN-13: 067491659X

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A myth-busting book challenges the idea that we’re paid according to objective criteria and places power and social conflict at the heart of economic analysis. Your pay depends on your productivity and occupation. If you earn roughly the same as others in your job, with the precise level determined by your performance, then you’re paid market value. And who can question something as objective and impersonal as the market? That, at least, is how many of us tend to think. But according to Jake Rosenfeld, we need to think again. Job performance and occupational characteristics do play a role in determining pay, but judgments of productivity and value are also highly subjective. What makes a lawyer more valuable than a teacher? How do you measure the output of a police officer, a professor, or a reporter? Why, in the past few decades, did CEOs suddenly become hundreds of times more valuable than their employees? The answers lie not in objective criteria but in battles over interests and ideals. In this contest four dynamics are paramount: power, inertia, mimicry, and demands for equity. Power struggles legitimize pay for particular jobs, and organizational inertia makes that pay seem natural. Mimicry encourages employers to do what peers are doing. And workers are on the lookout for practices that seem unfair. Rosenfeld shows us how these dynamics play out in real-world settings, drawing on cutting-edge economics, original survey data, and a journalistic eye for compelling stories and revealing details. At a time when unions and bargaining power are declining and inequality is rising, You’re Paid What You’re Worth is a crucial resource for understanding that most basic of social questions: Who gets what and why?

Economics and World History

Economics and World History PDF

Author: Paul Bairoch

Publisher: University of Chicago Press

Published: 1995-09

Total Pages: 200

ISBN-13: 0226034631

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Paul Bairoch deflates twenty commonly held myths about economic history. Among these myths are that free trade and population growth have historically led to periods of economic growth, and that colonial powers in the nineteenth and early twentieth centuries became rich through the exploitation of the Third World. Bairoch shows that these beliefs are based on insufficient knowledge and wrong interpretations of the history of economies of the United States, Europe, and the Third World, and he re-examines the facts to set the record straight. Bairoch argues that until the early 1960s, the history of international trade of the developed countries was almost entirely one of protectionism rather than a "Golden Era" of free trade, and he reveals that, in fact, past periods of economic growth in the Western World correlated strongly with protectionist policy. He also demonstrates that developed countries did not exploit the Third World for raw materials during the nineteenth and early twentieth centuries, as some economists and many politicians have held. Among the many other myths that Bairoch debunks are beliefs about whether colonization triggered the Industrial Revolution, the effects of the economic development of the West on the Third World, and beliefs about the 1929 crash and the Great Depression. Bairoch's lucid prose makes the book equally accessible to economists of every stripe, as well as to historians, political scientists, and other social scientists.

Myth-Busting Economics

Myth-Busting Economics PDF

Author: Stephen Koukoulas

Publisher: John Wiley & Sons

Published: 2015-04-07

Total Pages: 155

ISBN-13: 0730321967

DOWNLOAD EBOOK →

A practical, easy-to-follow guide to understanding and responding to Australian economic trends How does the fall in the Dow Jones or the rise in the Chinese yuan impact your personal finances? Using practical and real-world examples, Myth-busting Economics helps you make informed decisions for yourself and your business. Written by a leading economist, this frank, fact-filled, no-nonsense guide provides special insights into the Australian economy in Asia, commodity prices, housing affordability, the impact of an aging population on the economy, and much more. This book outlines the themes that people of all ages, incomes, and levels of wealth need to consider in the context of their personal finances. You'll get a better understanding of the key issues and find out how to fully prepare for the uncertainties lurking beneath the surface and you'll learn how to take advantage of emerging opportunities. Economics dominates the news, but figuring out what is really important is no easy task. At last, this myth-busting book clears the air and gives you the facts you really need to be ready for the future. Learn what the economy means to you, your family, and your business Prepare for the coming economic trends now Understand what drives business through inevitable ups and downs Get a firm grasp on the major economic issues that impact your finances Our lives are inexorably linked to the economy, but few Australians credit just how much economic trends affect their financial growth and security. Myth-busting Economics closes the gap in financial literacy and provides clarification and expert insight to help you navigate the road ahead.

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