Two More Principles of Bizarro Economics

07/19/2010 Mises Wire Art Carden

1. The purpose of economic activity is to create employment, not goods and services.

2. Firms’ efforts to increase quality or lower costs are the results of psychological maladies.

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Meet the Writer

Art Carden

Art Carden is assistant professor of economics, Brock School of Business, Samford University, Birmingham, Alabama.

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