Economics Without Illusions: Debunking the Myths of Modern Capitalism

By Joseph Heath

Categories: Business & Money, Politics & Social Sciences

Philosopher Joseph Heath examines popular economic fallacies held on both the political right and the left. Using everyday examples, he explains why ideas such as "taxes are too high" or "prices should be fair" often rest on misunderstandings of how markets work. Heath covers competition, prices, trade, profits, risk and inequality, and argues that a clearer grasp of basic economics can improve debates about public policy.

Recommended by 1 person

• Shane Parrish: “Still Interested? Try reading more from the wonderful book Economics Without Illusions, where Heath takes on some fallacies from the left and some fallacies from the right in the economic debate.”