Economic ideas you should forget
By: Bruno S. Frey, David Iselin, editors
Publisher: Springer
Published: 2017
Language: eng
Number of pages: 166
ISBN-13: 9783319474571
Subjects: Economic indicators; Economics
Description: "Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge."-- From back cover.
Notes: "Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge"--Page 4 of cover.
Table of contents: title: Introduction; title: Capitalism; title: Sola-Protestantism in Economics.-Economics Has Hothing to Do with Religion; title: More Choice Is Always Better.-People Are Outcome-Oriented; title: Deriving Peopls's Trade Policy Preferences from Macro-Economic Trade Theory; title: Size (of Government) Doesn't Matter; title: Byesianism; title: The Return on Equity; title: Peak Oil Theory; title: More Choice Is Always Better; title: (Un- )Productive Labor; title: Volatility Is Risk; title: Robots Will Take All Our Jobs; title: Economic Growth Increase People's Well-Being; title: Big Data Predictions Devoid of Theory; title: Government Debts Are a Burden on Future Generations; title: Public Spending Reduces Unemployment; title: The Capital Asset Pricing Model; title: Innovation Programs Lead to Innovation; title: Factors of Production Are Homogenous Within Categories; title: Individual Utility Depends Only on Absolut Consumption; title: The Relative Price Effect Explains Behavior; title: The Precedence of Exchange Over Production; title: Inequality Reduces Growth; title: Contingent Valuation, Willingness to Pay and Willingness to Accept; title: Governments Must Reduce Budget Deficits; title: Reach for Your Dream; title: The EU's Competiveness Authority; title: Say's Law; title: Boundedness of Rationality; title: Rational Expectations; title: Letting Insolvent Banks Fail; title: Pleasantville Politics; title: Selecting Politicians According to Ability; title: The Axioms of Revealed Preference; title: The Myth of Expansionary Consolidations; title: Government Hurts the Economy More Than It Helps; title: The Motivated Armchair Approach to Preferences; title: Economics Is Based on Scientific Methods; title: The Death of Distance; title: Concept of Rationality; title: Pay for Performance Raises Performance; title: Home Ownership Is Good; title: Coase Theorem; title: Poverty Is Good for Development; title: Markets Are Efficient; title: CEOs Are Paid for Talent; title: The Efficiency-Equity Tradeoff; title: Deterministic Trend of Inequality; title: Quantitative Easing; title: Hosting the Olympic Games; title: Abolishing Cash as Solution Against the Evil; title: Receiving Money and Hot Having to work Raises Happiness; title: Saints in Public Office; title: Helicopter Money; title: Decisions are Deterministic; title: Politicians Systematically Converge to the Median Voter; title: Artists Are Poor and Thus Unhappy; title: Returns on Educational Investments Are Highest for Early Childhood Interventions; title: EU Centralization; title: The Alleged Asymmetry in Maintaining a Fixed Exchange Rate; title: Governments Should Maximize the Happiness of the Population; title: Okun's Equality-Efficiency Tradeoff; title: A Rising Tide Raises all Boats; title: Social Cost Analysis; title: Natural Resources Make Rich; title: The Natural Rate of Interest Is Positive; title: Europe's "Skill Shortage"; title: Taxes are Paid Because of Expected Punishment; title: Better safe than Sorry; title: The End of Work; title: Postscript.