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Famous Fables of Economics: Myths of Market Failures 1st Edition

5.0 out of 5 stars 1 customer review
ISBN-13: 978-0631226758
ISBN-10: 0631226753
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Editorial Reviews


"This book is important for understanding how economic principles can be applied to real-world problems. Professor Spulber discusses nine important myths that are often cited in the economics profession. These myths have important lessons for a number of current policy issues such as the Microsoft case, the supposed superiority of Betamax over VHS and the supposed current stock market bubble." Jack Carr, University of Toronto. <!--end-->

"Famous Fables of Economics is a welcome addition. Students will learn that fables and myths should not be accepted at face value. More importantly, they will see how economics can be used to challenge these myths. The book will prove useful in an array of courses, especially those that deal with policy issues." Roger D Blair, University of Florida.

Book Description

Famous Fables of Economics critiques some of our most cherished stories of market failure. It provides an amusing look at economic thought that is accessible to general readers, students, professionals, & academics, & raises fundamental questions about the role of the government in society.

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Product Details

  • Paperback: 320 pages
  • Publisher: Wiley-Blackwell; 1 edition (November 28, 2001)
  • Language: English
  • ISBN-10: 0631226753
  • ISBN-13: 978-0631226758
  • Product Dimensions: 6.8 x 0.9 x 9.6 inches
  • Shipping Weight: 1.5 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #1,298,806 in Books (See Top 100 in Books)

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Collection of classic articles in economics. Coase, Cheung, and Liebowitz and Margolis, are just a few of the contributors to debunk many of the myths from economics.
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