Includes bibliographical references and index.

Exposes some of the most popular fallacies about economic issues, in a lively manner and without requiring any prior knowledge of economics by the reader. These include many beliefs widely disseminated in the media and by politicians. One of the book's themes is that fallacies are not simply crazy ideas but in fact have a certain plausibility that gives them their staying power--and makes careful examination of their flaws both necessary and important, as well as sometimes humorous.--From publisher description.