Twenty - one popular economic fallacies
- London Allen Lane 1969
- 245p.
In this entertaining book Dr Mishan exposes the reader to the shock treatment of discovering that much of what passes for economic truism is in fact fallacious. He claims that these twenty-one fallacies are only a small sample from the large number in active circulation. But they are among the most influential, and indeed form the implicit premises on which much of our current economic policy is based. They appear in the most solemn utterances of ministers and in the leaders and correspondence columns of famous newspapers. Those in Part II of his book are usually regarded in business as self-evident.