EconoMyths: Ten ways economics gets it wrong by David Orrell

EconoMyths: Why Economic Development is not Economics

In the day-to-day challenges of economic development work, the field of “economics” looms large. Somehow, we expect our efforts to build upon and take advantage of the rules and principles of economics in order to drive job creation and sustainable economic growth at the local level. And yet, rarely do we talk about economics principles like the invisible hand of the marketmarginal utility calculations or equilibrium points. In his new book, EconoMyths: Ten Ways Economics Gets it Wrong, mathematician David Orrell explains why this is – and provides some valuable lessons for economic developers along the way.

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