• Almost every economic error traces to one of 7 Fallacies of Economics

    Almost every economic error traces to one of 7 Fallacies of Economics

    A news commentator once observed that “any half-dozen economists will normally come up with about six different policy descriptions.” It certainly does seem that way! If economics is a “science,” then why does it defy the precision, the certainty, and the relative unanimity of opinion which characterize so many other sciences—physics, chemistry, and mathematics, for …