Social and Behavioral Sciences Commons^™

Some Economic Fallacies And The Citizen, Evan B. Murray

Faculty Honor Lectures

To raise the question of economics under any title is at best to be accused of preaching to the converted, and at worst accused of preaching what every member of the congregation understands much better than the preacher. Since economics is a discussion of what people do day after day as they go about making a living, who doesn't understand all about it? Practically all adults do some kind of work, they get money, they spend money, they save, they borrow, they produce things, they sell things, they put money in the bank and draw money from the bank. They …