Seven Deadly Economic Sins

You have heard of the Seven Deadly Sins: pride greed lust envy gluttony wrath and sloth. Each is a natural human weakness that impedes happiness. In addition to these vices however there are economic sins as well. And they too wreak havoc on our lives and in society. They can seem intuitively compelling yet they lead to waste loss and forgone prosperity. In this thoughtful and compelling book James Otteson tells the story of seven central economic fallacies explaining why they are fallacies why believing in them leads to mistakes and loss and how exorcizing them from our thinking can help us avoid costly errors and enable us to live in peace and prosperity.