34 lines
1.3 KiB
Markdown
34 lines
1.3 KiB
Markdown
Economics
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Economics is a field that is just as often ridiculed, over-simplified, or most often outright ignored.
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Despite this economic principles underline every aspect of our world, and the general lack of understanding of this principles is the cause of many of the problems that ail mankind.
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In issues of economic policy often (alleged) intentions are given more importance than real consequences, and the generated incentives are ignored.
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Here are some of the most misunderstood and harmful economic ideas:
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* [Subsidies](subsidies)
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* [Minimum wage](minimum_wage)
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* [Rent controls](rent_controls)
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* Antitrust laws
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Milton Friedman
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'*If an exchange between two parties is voluntary, it will not take place unless
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both believe they will benefit from it. Most economic fallacies derive from the
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neglect of this simple insight, from the tendency to assume that there is a fixe
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d pie, that one party can only gain at the expense of another.*'
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'*A major source of objection to a free economy is precisely that it ... gives pe
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ople what they want instead of what a particular group thinks they ought to want
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. Underlying most arguments against the free market is a lack of belief in freed
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om itself.*'
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'*One of the great mistakes is to judge policies and programmes by their intentio
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ns rather than their results.*'
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