3 economic myths most people still believe in.
- Rich countries did not get rich through free trade, but through the use of protectionism and other state interventions such as capital controls and subsidies.[...]
- Money did not arise as a solution to the ‘double coincidence of wants[...]
- Peasants did not freely move from their land into 12+ hour days in factories because it was ‘better than the alternative.[...]
Worth a read.
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- Published:
- 28.10.12 / 9am
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