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03071aam a2200361 i 4500 001 A74FFF86F31211EEA2A0228A4CECA4DB 003 SILO 005 20240405010125 008 221014t20232023enka b 001 0 eng c 010 $a 2023931306 020 $a 9781803925622 020 $a 1803925620 035 $a (OCoLC)1347362385 040 $a YDX $b eng $e rda $c YDX $d BDX $d UKMGB $d OCLCF $d YDX $d RCJ $d GUL $d DLC $d AUXAM $d OCLCQ $d OCLCO $d SILO 042 $a pcc 050 4 $a HB171 $b .M55 2023 082 04 $a 330 $2 23 100 1 $a Miller, Norman C., $d 1939- $e author. 245 10 $a Economic myths and magic : $b debunking the illusions of conventional economic thinking / $c Norman C. Miller. 264 1 $a Cheltenham, UK ; $b Edward Elgar Publishing, $c [2023] 300 $a x, 142 pages : $b illustrations ; $c 24 cm 504 $a Includes bibliographical references (pages 128-135) and index. 505 00 $t The pandemic : economic black magic III. $t Some causes of economic magic and/or black magic -- $t The magic and black magic transmission mechanism -- $t The proof of the pudding -- $t Advances in technology : magic and black magic -- $t Wage rates and jobs : myths and magic -- $t Poverty and income inequality : myths and magic -- $t International trade : magic and black magic -- $t Trade deficits and jobs : economic magic -- $t The Great Depression : economic black magic I -- $t The Great Recession : economic black magic II -- $t The pandemic : economic black magic III. 520 $a "This insightful and comprehensive book uses theory and empirical studies to debunk contemporary illusions about the functionality of economies and examines the phenomena of economic magic and economic black magic. Norman C. Miller considers 11 economic myths, three of which are the theory that excessive imports reduce employment as firms are forced to downsize or shut down, that a more equal distribution of income kills incentives and reduces economic growth rates and the myth that a higher minimum wage always generates a net decrease in employment. Chapters examine the effects of advances in technology, poverty and income inequality, international trade, and trade deficits on employment and economic growth. The book concludes with discussions on three case studies demonstrating economic black magic, namely the Great Depression, the Great Recession, and the COVID-19 pandemic. This creative and accessible book will be vital reading for students and scholars in economics and finance, the history of economic thought, methodology of economics, and political economy. It will also be beneficial for business owners, economists, finance practitioners, and social scientists, as well as citizens interested in the functioning of economies"-- $c Provided by publisher. 650 0 $a Economics. 650 6 $a EÌconomie politique. 650 7 $a economics. $2 aat 650 7 $a Economics $2 fast 776 08 $i ebook version : $z 9781803925639 941 $a 1 952 $l UQAX771 $d 20240405024618.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=A74FFF86F31211EEA2A0228A4CECA4DB 994 $a C0 $b JIDInitiate Another SILO Locator Search