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Economic Facts and Fallacies: Second Edition
First, the poor often lack critical pieces of information and believe things that are not true. They
Abhijit V. Banerjee • Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
The idea that more trade is good (on balance) is deeply engrained in anybody who went to graduate school in economics. In May 1930, over a thousand economists had written a letter encouraging President Hoover to veto the Smoot-Hawley bill. And yet there is something else economists do know but tend to keep closely to themselves: the aggregate gains
... See moreEsther Duflo • Good Economics for Hard Times
most cuts in tax rates also will lower government revenue, as did the Bush tax cuts. The idea that unfunded tax cuts will significantly raise our real incomes and thus pay for themselves is one of the illusions of our age.
Tyler Cowen • The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton
