Common Mistakes in Economics by the Public, Students, Economists and Nobel Laureates
Authors: Yew-Kwang Ng (Monash University, Victoria, Australia)
Abstract: This book presents and discusses the most common mistakes in economics made by a vast majority of people in many aspects of society. Discussed herein are common misconceptions on economic issues, including such perennial issues like ‘technical progress destroys jobs’, ‘immigration harms the domestic economy’, ‘population growth is undesirable’, ‘globalisation is bad’. Such misconceptions by a significant section of the general public do not just reflect inadequate understanding of how the economy functions, but may actually lead to unnecessary conflicts and impede progress and liberalization. Understanding our mistakes on these issues may thus contribute to the advancement of our society and the progress towards a more harmonious world. (Imprint: Nova)
Open Access item.
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This is an Open Access item. Click above PDF icon for free download.