{"product_id":"9781907720963","title":"20 Economics Fallacies","description":"\"Tim Worstall, always clear thinking, nails the myths that grow up around economics in this useful book. A terrific compendium of fallacies and their refutations.\"\u003cp\u003eMatt Ridley, author of the Rational Optimist.\u003c\/p\u003e\u003cp\u003eThis book is simply a discussion of those errors which I've had to repeatedly correct in this past decade of my writing about matters economic.\u003c\/p\u003e\u003cp\u003eIt gets rather boring having to point out the same errors again and again: thus putting the explanations into one simple format handy for waving at people rather than having to trot out the same old explanation again.\u003c\/p\u003e\u003cp\u003eThis book is an idiosyncratic look at a number of common economic fallacies and mistakes.\u003c\/p\u003e\u003cp\u003eIt does not pretend to be be exhaustive, a thorough examination of all the mistakes that economics, both folk and formal, can become prey to. Rather, it's about those that I've come across and find that I have to continually point out the folly of.\u003c\/p\u003e\u003cp\u003eFor example, the Labour Theory of Value has been around for a long time and forms the heart of the basic underpinnings of Marxism. Yet it was disproved at around the time that Marx was publishing Das Kapital: and it has remained wrong since then whatever the insistences of the ideologues. So there is a simple explanation of why that particular theory is wrong.\u003c\/p\u003e\u003cp\u003eOn what is perhaps more my side of the fence, free market zealotry (and I confess to being a market zealot) it is also wrong to proclaim that free markets can and will solve every problem. This is not, sadly, so: there are times when interventions must be made, even times when something must be done and government is the only actor able to do that thing.\u003c\/p\u003e","brand":"Searching Finance Ltd","offers":[{"title":"Default Title","offer_id":47055801450736,"sku":"9781907720963","price":12.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781907720963_p0.jpg?v=1763619378","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781907720963","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}