Seven deadly economic sins by James Otteson
29 January 2021 at 03:44 |
Every Citizen Should Know
ISBN 97811008843379 316 pages Hardcover/$27.95 April 2021
You have heard of the Seven Deadly Sins: pride, greed, lust, envy, gluttony, wrath, and sloth. Each is a natural human weakness that impedes happiness.
In addition to these vices, however, there are economic sins as well. And they, too, wreak havoc on our lives and in society. They can seem intuitively compelling, yet they lead to waste, loss, and forgone prosperity.
In this thoughtful and compelling book, James R. Otteson tells the story of seven central economic fallacies, explaining why they are fallacies, why believing in them leads to mistakes and loss, and how exorcizing them from our thinking can help us avoid costly errors and enable us to live in peace and prosperity.