Paradox Economics

- Price is not a good measure of value, - investments can be profitable at a loss, - too much saving can make us poorer, - our economies’ current growth dependence is the biggest obstacle to economic growth, - capital income taxes are not very effective at reducing the profits of investors, - taxing land value can lower rents, - income differences have little to do with productivity, - inflation has little to do with the quantity of money, and - there is no conflict between flexibility and security. This book bashes the myths of both the political left and the right - mercilessly exposing the assumptions, mental images, and moral biases behind economic theories and the claimed effects of different policies. Whether you are a policy maker or just want some fresh perspective and arguments for kitchen table discussions, this book won’t leave you cold.