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Book Cover for: Seven Deadly Economic Sins, James R. Otteson

Seven Deadly Economic Sins

James R. Otteson

Paperback
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You have heard of the Seven Deadly Sins: pride, greed, lust, envy, gluttony, wrath, and sloth. Each is a natural human weakness that impedes happiness. In addition to these vices, however, there are economic sins as well. And they, too, wreak havoc on our lives and in society. They can seem intuitively compelling, yet they lead to waste, loss, and forgone prosperity. In this thoughtful and compelling book, James Otteson tells the story of seven central economic fallacies, explaining why they are fallacies, why believing in them leads to mistakes and loss, and how exorcizing them from our thinking can help us avoid costly errors and enable us to live in peace and prosperity.

Book Details

  • Publisher: Cambridge University Press
  • Publish Date: Apr 27th, 2023
  • Pages: 324
  • Language: English
  • Edition: undefined - undefined
  • Dimensions: 8.50in - 5.50in - 0.73in - 0.91lb
  • EAN: 9781108824385
  • Categories: • Public Finance• Public Policy - Economic Policy

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About the Author

Otteson, James R.: - James R. Otteson is the John T. Ryan Jr. Professor of Business Ethics at the University of Notre Dame. He is the author of Adam Smith's Marketplace of Life (2002), Actual Ethics (2006), The End of Socialism (2014), and Honorable Business (2019).

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Book Cover for: Should Wealth Be Redistributed?: A Debate, Steven McMullen
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What people are saying

Mentioner image for: @AdamSmithWorks
@AdamSmithWorks
@adamsmithworks
1 year

Dedicated to the works and world of Adam Smith.

Philosopher and business ethics expert #JamesOtteson @jroii of @NotreDame wants to save you from the error of your ways and improve your life with #AdamSmith's help. @RichardMorrison reviews Otteson's Seven Deadly Economic Sins at @LawLiberty https://t.co/cg0qlWAVA8

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Mentioner image for: Independent Institute
Independent Institute
@IndependentInst
1 year

Public policy research and education boldly advancing peaceful, prosperous, and free societies grounded in a commitment to human worth and dignity.

James Otteson is uniquely equipped to unpack economics in a way that examines not only what we can “truck, barter, and exchange” but what we can achieve in a moral sense along the way in his book, Seven Deadly Economic Sins #TIR: https://t.co/VTcQ8WfXLG

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Free Thoughts
@FreeThoughtsPod
2 years

A podcast about politics and ideas. Hosted by @TCBurrus. Produced by @LandryEAyres. A project of @libertarianism.

LISTEN: @jroii, author of “Seven Deadly Economic Sins: Obstacles to Prosperity and Happiness Every Citizen Should Know,” came back to explain why economists should read more philosophy, and provide a philosophical defense for some degree of inequality. https://t.co/8pAEyL5W62 https://t.co/hawolsnxIX

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Praise for this book

'Otteson, a philosopher, has written for non-economists the best short introduction to economics, and to a wider political economy. It is lucid, generous, open-handed yet thorough, and solidly based scientifically. Come to think of it, most economists should read it, too. They might stop using 'philosophical' as a term of contempt, and get back to an Adam-Smithian depth of understanding.' Deirdre McCloskey, University of Illinois, Chicago
'The word 'Deadly' in Otteson's title is no exaggeration. The great frustrations and famines of recent decades have been failures of state management, rather than contradictions of capitalism. Otteson's contribution is to explain why these catastrophes are the result of good intentions, moral misunderstandings, and confusions about what markets can do. As society moves toward reopening the economy and restoring prosperity, this book is essential reading for what might be done, what can't be done, and the things that lie in between.' Michael C. Munger, Duke University
'James Otteson is not just a scholar of markets, he is their Mozart. In this compelling tour, Otteson lays out economic principles the way Mozart laid out a sonata. Otteson orders and presents key principles in a fashion any American can understand and appreciate.' Amity Shlaes, author of Great Society
James R. Otteson's Seven Deadly Economic Sins is a fine effort to introduce readers to the basic principles of market economics. The hamartiological framing - the 'sins' are bad assumptions about how markets work - is part of the author's effort to make the subject more engaging than a typical treatise on economics. It works. Mr. Otteson, a professor of business ethics at Notre Dame, writes with an apt combination of casual wit and rigorous logic." Barton Swain, The Wall Street Journal

What people are saying

Mentioner image for: @AdamSmithWorks
@AdamSmithWorks
@adamsmithworks
1 year

Dedicated to the works and world of Adam Smith.

Philosopher and business ethics expert #JamesOtteson @jroii of @NotreDame wants to save you from the error of your ways and improve your life with #AdamSmith's help. @RichardMorrison reviews Otteson's Seven Deadly Economic Sins at @LawLiberty https://t.co/cg0qlWAVA8

twitter.com
Mentioner image for: Independent Institute
Independent Institute
@IndependentInst
1 year

Public policy research and education boldly advancing peaceful, prosperous, and free societies grounded in a commitment to human worth and dignity.

James Otteson is uniquely equipped to unpack economics in a way that examines not only what we can “truck, barter, and exchange” but what we can achieve in a moral sense along the way in his book, Seven Deadly Economic Sins #TIR: https://t.co/VTcQ8WfXLG

twitter.com
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