Selfishness, Greed and Capitalism: Debunking Myths About the Free Market

233 Pages Posted: 26 Feb 2018

Date Written: December 23, 2014

Abstract

This IEA publication deals head-on with a number of widely quoted myths about the market economy. In the case of the philosophical myths, such as the idea that economists believe that everybody is greedy, the author, Christopher Snowdon, carefully and entertainingly unpicks the misguided ideas that have taken hold. The author then moves on and effectively disposes of a number of economic myths using empirical evidence that is often ignored by commentators. This book is essential reading for all who wish to separate fact from fiction when it comes to understanding economic reasoning and evidence.

Keywords: behavioural economics, capitalism, consumerism, economic growth, rational choice

JEL Classification: P1, P16, P17

Suggested Citation

Snowdon, Christopher, Selfishness, Greed and Capitalism: Debunking Myths About the Free Market (December 23, 2014). Selfishness, Greed and Capitalism: Debunking Myths About the Free Market, Institute of Economic Affairs Monographs, Hobart Paper 177, ISBN: 978-0-255-36679-3, 2015, Available at SSRN: https://ssrn.com/abstract=3123672

Christopher Snowdon (Contact Author)

Institute of Economic Affairs (IEA) ( email )

2 Lord North Street, Westminster
London, SW1P 3LB
United Kingdom

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