Thirteen persistent economic fallacies / E.J. Mishan.

Sequel to the author's 21 popular economic fallacies.

Includes bibliographical references and index.

Fallacy 1 : U.S. goods cannot compete effectively with those produced by cheap labor in countries such as China -- Fallacy 2 : Immigrant labor confers economic benefits on the host country -- Fallacy 3 : Globalization acts to raise living standards in the West -- Fallacy 4 : Countries forming a common market reap economic benefits -- Fallacy 5 : Rent controls are necessary during a housing shortage -- Fallacy 6 : The fact that women's earnings are significantly below those of men is evidence of discrimination -- Fallacy 7 : A reduction in building costs will reduce house prices -- Fallacy 8 : Jobs are lost when a factory or business closes down, and vice versa -- Fallacy 9 : A competitive private enterprise economy tends to produce economic efficiency -- Fallacy 10 : A subsidy to university education is justified since it promotes equality of opportunity and confers benefits on society as a whole -- Fallacy 11 : The national debt is a burden on future generations -- Fallacy 12 : Inflation is caused by an excessive increase in the supply of money -- Fallacy 13 : The rate of economic growth over time is a good index of the growth of people's satisfaction.