Fifty Economic Fallacies Exposed (Revised)

Name: Fifty Economic Fallacies Exposed (Revised)
Brand: London Publishing Partnership
Price: 5.99 EUR
Availability: OnlineOnly

Geoffrey E. Wood(Autor*in)

London Publishing Partnership

2. Auflage

Erschienen am 15. September 2014

218 Seiten

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978-0-255-36664-9 (ISBN)

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Inhalt

Intro
The 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
Interest rates and exchange rates
Britain'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'
Confusion about inflation
Fiscal 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
The 'Iron Chancellor' and government spending
Monetary 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
Monetary and exchange-rate policy can be conducted independently of each other
Scotland 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
With population growth continuing, it will be harder and harder to find jobs for everyone
Imposing labour standards helps the poor and protects domestic workers
Workers should hold shares in the company they work for
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