Extra Links

Common Flaws & Fallacies Found in Economic Thought

Introduction

For a number of years, just out of curiosity, I kept a list of the errors that I encountered in comments people made about matters relating to economics. From a few of the items on that list I drafted the following document, which I have now posted here on the The Free Market Center.

I plan to edit these comments, and possibly dedicate separate pages to them, but in the meantime, I have posted them here for your information.

 

Aristotle

Aristotle

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

Henry Hazlitt
Economics in One Lesson

 

Deductive Reasoning