Contemporary Economic Fallacies
Jun 27, 1992
This course will analyze articles, editorials, and commentaries from today's mainstream periodicals to uncover contemporary economic fallacies and identify their theoretical origins, primarily in Mercantilist, Marxist, and Keynesian thought. Topics include: the alleged benefits of inflation, higher taxes, regulated banking, deficit spending, protectionism, labor unions, and environmental protection. We will refute these fallacies and trace the origins ofcorrect answers to basic premises, primarily in the Classical and Austrian schools of economics. In the process of exploding these fallacies, the course will cover important aspects of these major schools of economic thought.