By E. J. Mishan
First released in 1986, Economic Myths and the Mythology of Economics is a polemical examine during which the writer specializes in the preferred myths and misconceptions that color our figuring out of financial matters. Professor Mishan, the the world over known economist and specialist within the box of source allocation and price gain research, undermines the concept that economics is a technology. yet such are renowned myths, he argues, that governments hire battalions of economists of their ongoing makes an attempt to advertise monetary development, potency and employment. the writer demanding situations the validity and dimension of such suggestions as fiscal potency and GNP, and questions the belief that loose aggressive markets can function successfully in a speedily altering, high-technology society. Professor Mishan foresees in his examine additional enlargement as an unavoidable final result of endured innovation, whereas revealing the interconnecting methods wherein cutting edge job, designed to elevate residing criteria, has started to erode the ethical and mental foundations of a possible and libertarian society.
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Economic Myths and the Mythology of Economics (Routledge Revivals) by E. J. Mishan