This page is intended to allow readers to understand the basic economic principles underlying some of the more common myths that are perpetuated. I am always on the lookout for more of these, so if you are so inclined, please contact me if you come upon one for yourself!

 

General

• Here is a site that directs you to readings on various “mythical” topics

• Twenty myths about markets … from Tom Palmer

• John Stossel (from ABC’s 20/20) shows his viewers 10 “Myths, Lies and Nasty Behaviors“

• Myths of Classical Liberalism

• Five Contemporary Economics Myths (by Professor Steven G. Horwitz at St. Lawrence)
• America is a cruel and barbarous place – Hurricane Katrina proves it!

 

Collectivism, Marxism & Socialism

• The Legacy of Karl Marx
• Karl Marx – Irrelevant Man
• The Collectivist Illusion
• My Family Life as a Socialist

 

Free Trade

• America’s Misunderstood Trade Deficit
• Are trade deficits really bad news?

 

Keynes

• Keynes got it right!
• More on Keynes – he really cared for workers …

 

The Distinction Between Micro and Macro

• See here

 

Unions and Labor Markets

• The Myth of Voluntary Unions
• The myth behind “Equal Pay Day“