Everyday Economic Errors

For Grove City College’s ongoing “Life of the Mind” video project, I recently created a six-part series on common economic fallacies. The first in my series addresses the evergreen Broken Window Fallacy. Though suitable for an audience unfamiliar with economics, a few of the lectures will address issues of interest to us here at CSOC. Lecture two will discuss non-price margins of adjustment under rent control and lecture six will assess the ability of producers to offer credible commitments to ensure quality.

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