Economic Ideas You Should Forget. (2017)

• Record Type: Book
• Other Names: Frey, Bruno S; Iselin, David
• Contents: Introduction -- Capitalism -- Sola-Protestantism in Economics.-Economics Has Hothing to Do with Religion -- More Choice Is Always Better.-People Are Outcome-Oriented -- Deriving Peopls's Trade Policy Preferences from Macro-Economic Trade Theory -- Size (of Government) Doesn't Matter -- Byesianism -- The Return on Equity -- Peak Oil Theory -- More Choice Is Always Better -- (Un- )Productive Labor -- Volatility Is Risk -- Robots Will Take All Our Jobs -- Economic Growth Increase People's Well-Being -- Big Data Predictions Devoid of Theory -- Government Debts Are a Burden on Future Generations -- Public Spending Reduces Unemployment -- The Capital Asset Pricing Model -- Innovation Programs Lead to Innovation -- Factors of Production Are Homogenous Within Categories -- Individual Utility Depends Only on Absolut Consumption -- The Relative Price Effect Explains Behavior -- The Precedence of Exchange Over Production -- Inequality Reduces Growth -- Contingent Valuation, Willingness to Pay and Willingness to Accept -- Governments Must Reduce Budget Deficits -- Reach for Your Dream -- The EU's Competiveness Authority -- Say's Law -- Boundedness of Rationality -- Rational Expectations -- Letting Insolvent Banks Fail -- Pleasantville Politics -- Selecting Politicians According to Ability -- The Axioms of Revealed Preference -- The Myth of Expansionary Consolidations -- Government Hurts the Economy More Than It Helps -- The Motivated Armchair Approach to Preferences -- Economics Is Based on Scientific Methods -- The Death of Distance -- Concept of Rationality -- Pay for Performance Raises Performance -- Home Ownership Is Good -- Coase Theorem -- Poverty Is Good for Development -- Markets Are Efficient -- CEOs Are Paid for Talent -- The Efficiency-Equity Tradeoff -- Deterministic Trend of Inequality -- Quantitative Easing -- Hosting the Olympic Games -- Abolishing Cash as Solution Against the Evil -- Receiving Money and Hot Having to work Raises Happiness -- Saints in Public Office -- Helicopter Money -- Decisions are Deterministic -- Politicians Systematically Converge to the Median Voter -- Artists Are Poor and Thus Unhappy -- Returns on Educational Investments Are Highest for Early Childhood Interventions -- EU Centralization -- The Alleged Asymmetry in Maintaining a Fixed Exchange Rate -- Governments Should Maximize the Happiness of the Population -- Okun's Equality-Efficiency Tradeoff -- A Rising Tide Raises all Boats -- Social Cost Analysis -- Natural Resources Make Rich -- The Natural Rate of Interest Is Positive -- Europe's "Skill Shortage" -- Taxes are Paid Because of Expected Punishment -- Better safe than Sorry -- The End of Work -- Postscript.
• Publisher Details: Place of publication not identified : Springer Science and Business Media Springer
• Publication Date: 2017
• Extent: 1 online resource
• Subjects: 500; Popular works; SCIENCE -- Essays; SCIENCE -- Reference; Business & Economics -- Economics -- General; Economic history; Economic history; Business & Economics -- General; Consumer advice; Electronic books
• Languages: English
• ISBNs: 3319474588; 9783319474588
• Related ISBNs: 9783319474571; 331947457X
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.