LEADER 05098nam 2200613 450 001 9910788045503321 005 20230803200118.0 010 $a0-255-36664-7 035 $a(CKB)2670000000591669 035 $a(EBL)1935421 035 $a(SSID)ssj0001560582 035 $a(PQKBManifestationID)16193005 035 $a(PQKBTitleCode)TC0001560582 035 $a(PQKBWorkID)14825231 035 $a(PQKB)11668004 035 $a(MiAaPQ)EBC1935421 035 $a(EXLCZ)992670000000591669 100 $a20150217h20142014 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFifty economic fallacies exposed /$fGeoffrey E. Wood 205 $a2nd ed. 210 1$aLondon, [England] :$cThe Institute of Economic Affairs,$d2014. 210 4$dİ2014 215 $a1 online resource (221 p.) 225 1 $aOccasional Paper 300 $aDescription based upon print version of record. 311 $a0-255-36695-7 311 $a1-322-87271-6 327 $aThe author; Foreword; Acknowledgements; Introduction; Regulation and markets; Ticket touts are harmful and wicked. They should be stamped out by law; The conduct of an industry - in particular, how it serves consumers - is improved by government regulation; The state should step in to protect the environment; Firms should not make profits; International trade and finance; One country should not cut its tariffs unless others do; Free trade should be fair; Free trade causes unemployment; A current account deficit is a problem; The country should be more competitive 327 $aInterest rates and exchange ratesBritain's economy should be better balanced; Britain would lose 3 million jobs by leaving the EU; Germany is harming the rest of the euro zone by exporting so much; Inflation; Raising interest rates causes inflation; Credit controls are better than interest rates; Credit controls - do they work?; Devaluation causes inflation; Price rises above inflation are bad; Relative price changes can be ignored; Government-imposed price rises have worsened inflation; Controlling prices controls inflation; Inflation, real values and 'government money' 327 $aConfusion about inflationFiscal policy: taxation; Governments can precisely manage the economy by fiscal policy; Employers contribute towards workers' benefits; Taxes should go up to slow inflation; The government should place extra taxes on companies that make 'excess profits'; The Chancellor can predict the effect of tax allowances on behaviour; Fiscal policy: government spending; Britain is not investing enough; Government borrowing should be guided by the 'Golden Rule'; Welfare benefits should not be cut when the public finances are in surplus 327 $aThe 'Iron Chancellor' and government spendingMonetary policy: theory; High interest rates are bad for the economy, and the government should reduce them forthwith; International capital mobility has increased, so governments have little control over economic activity; Rising bond yields will slow the economy; A boost to demand from monetary policy will help growth; It is sensible to judge past decisions in the light of current information; Monetary policy: practice; The Bank of England should rescue a failed or failing bank 327 $aMonetary and exchange-rate policy can be conducted independently of each otherScotland should be represented on the MPC; Governments can control who uses their country's money; Cost, price and value; Oil companies have been robbing the public by raising prices when they have inventories bought at previous, lower, prices; Cutting out the middleman brings down prices; Farmers should be paid their costs of production; Labour markets; They're not well paid. They should get a living wage; Women should get longer paid maternity leave; Social dumping is a problem 327 $aWith population growth continuing, it will be harder and harder to find jobs for everyone 330 $aWhilst it is impossible to argue that the earth is flat without fearing ridicule, fallacies in economics are widespread. Such fallacies pervade the intellectual sphere and even influence policy. Professor Geoffrey Wood of the University of Buckingham exposes such popular economic fallacies in this revised edition of Fifty Economic Fallacies Exposed. Professor Wood looks at, for example, the supposed dangers of free trade, the abilities of governments to control the economy, the effects of government regulation and whether millions of jobs depend on our continued membership of the European Unio 410 0$aOccasional Paper 606 $aEconomics 606 $aEconomic history 607 $aGreat Britain$xEconomic conditions$y20th century 615 0$aEconomics. 615 0$aEconomic history. 676 $a658.1092368 700 $aWood$b Geoffrey E.$0294755 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910788045503321 996 $aFifty economic fallacies exposed$93814636 997 $aUNINA