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Great Myths Of Economics
"Mythology," said President John F. Kennedy, "distracts us everywhere-in government as in business, in politics as in economics, in foreign affairs as in domestic policy." Author Don Paarlberg agrees, and in this Mentor volume he sets himself the task of examining what he believes to be the grossest of the prevalent misconceptions relating to the field of economics. In a straightforward, lively and often comic style, the author-a former White House adviser on economics-identifies the major myths and half truths, points out their fallacies, then sets forth the relevant theory, as generally agreed upon by reputable economists. He challenges the myths, for example, that "what works for the individual will work for the group": or that "to reward people equally is to reward them fairly" Bemoaning the lack of economic understa among America's eligible voters, Paarlberg attem this fascinating book to enlighten not the already knowledgeable economists, but rather the gener reader whose daily life very often hangs in the ba . between economic fact and fantasy.
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