Heretical Economics

Heretical Economics examines important economic questions of the day such as the effect of government spending and deficits, fluctuations in the construction of housing, the economic effects of immigration, and a variety of others. It explains why many common beliefs - for example, that federal deficits burden future generations, the crisis of 2008 resulted from the greed of Wall Street, and residential segregation results from the action of unscrupulous landlords - are mistaken It shows why urban growth is concentrated in outlying areas, commuters cling to their automobiles and college football coaches are paid more than their universitys president. The book attempts to clarify economic issues in non-technical, conversational language. It is directed to intelligent lay persons who are interested in but are not conversant with economic thinking.