Economics Without Illusions: Debunking the Myths of Modern Capitalism,Used

Economics Without Illusions: Debunking the Myths of Modern Capitalism,Used

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"Economics is haunted by more fallacies than any other study known to man." Henry Hazlitt, Economics in One Lesson (1946)Every day economic claims are used by the media or in conversation to support social and political positions. Those on the left tend to distrust economists, seeing them as friends of the right. There is something to this, since professional economists are almost all keen supporters of the free market. Yet while factions on the right naturally embrace economists, they also tend to overestimate the effect of their support on freemarket policies. The result is widespread confusion. In fact, virtually all commonly held beliefs about economicswhether espoused by political activists, politicians, journalists or taxpayersare just plain wrong.Professor Joseph Heath wants to raise our economic literacy and empower us with new ideas. In Economics Without Illusions, he draws on everyday examples to skewer the six favourite economic fallacies of the right, followed by impaling the six favourite fallacies of the left. Heath leaves no sacred cows untipped as he breaks down complex arguments and shows how the world really works. The popularity of such books as Freakonomics and Predictably Irrational demonstrates that people want a better understanding of the financial forces that affect them. Highly readable, cogently argued and certain to raise ire along all points of the sociopolitical spectrum, Economics Without Illusions offers readers the economic literacy they need to genuinely understand and critique the pros and cons of capitalism.

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Frequently Asked Questions

  • Q: What is the main theme of 'Economics Without Illusions'? A: 'Economics Without Illusions' focuses on debunking common economic fallacies held by both the right and left, aiming to enhance readers' understanding of modern capitalism.
  • Q: Who is the author of this book? A: The author of 'Economics Without Illusions' is Joseph Heath, a professor known for his insights into economic literacy and critical analysis of modern economic claims.
  • Q: How many pages does the book have? A: 'Economics Without Illusions' contains 352 pages, providing a comprehensive exploration of economic myths and misunderstandings.
  • Q: What is the publication date of this book? A: 'Economics Without Illusions' was published on March 30, 2010, and has since been a resource for those looking to understand economic principles.
  • Q: What type of binding does the book have? A: 'Economics Without Illusions' is available in paperback binding, making it accessible for readers who prefer physical books.
  • Q: Is this book suitable for beginners in economics? A: Yes, 'Economics Without Illusions' is written in an engaging style that makes complex economic concepts accessible to beginners and those unfamiliar with economics.
  • Q: What are some key topics covered in the book? A: The book addresses six popular economic fallacies from both the right and left, providing analysis and examples to clarify misconceptions about capitalism.
  • Q: Can this book help improve my understanding of economic debates? A: Absolutely. 'Economics Without Illusions' aims to raise economic literacy and empower readers to engage in informed discussions about economic policies and ideologies.
  • Q: What is the edition of this book? A: 'Economics Without Illusions' is published as a First Edition, ensuring that readers receive the original content as presented by the author.
  • Q: Is the book available in other formats? A: Currently, 'Economics Without Illusions' is primarily available in paperback format; digital or hardcover versions may vary by retailer.