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Puzzles and Paradoxes in Economics

Author

Listed:
  • Mark Skousen
  • Kenna C. Taylor

Abstract

Economics is full of puzzles and paradoxes that often frustrate and challenge everyone, including economists. This engaging book includes fifty puzzles and focuses on three types of paradox. First, everyday observations that appear to belie common sense (such as why some supermarket items sell for more per ounce in larger sizes). Secondly, those paradoxes which have perplexed economists in the past but have since been fairly resolved (such as the diamond–water paradox). Finally, empirical or conceptual anomalies that remain unresolved and present a challenge to today’s economists (such as the voting paradox).

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Mark Skousen & Kenna C. Taylor, 1997. "Puzzles and Paradoxes in Economics," Books, Edward Elgar Publishing, number 868.
    • Handle: RePEc:elg:eebook:868
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    File URL: https://www.elgaronline.com/view/book/9781800886483/9781800886483.xml
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    Cited by:

    1. Inna Gryshova & Tatyana Shabatura & Stasys Girdzijauskas & Dalia Streimikiene & Remigijus Ciegis & Ingrida Griesiene, 2019. "The Paradox of Value and Economic Bubbles: New Insights for Sustainable Economic Development," Sustainability, MDPI, vol. 11(24), pages 1-17, December.

    Book Chapters

    The following chapters of this book are listed in IDEAS

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    Keywords

    Economics and Finance;

    JEL classification:

    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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