Free Lunch Thinking

8 Economic Myths and Why Politicians Fall For Them

Tom Bergin

Publisher: Penguin, 2021, 377 pages

ISBN: 978-1-847-94275-3

Keywords: Macroeconomics

Last modified: Nov. 13, 2022, 6:33 p.m.

Low taxes promote economic growth.

The best way to cut oil consumption is to raise prices.

Government regulation stifles entrepreneurship.

Award-winning investigative journalist Tom Bergin digs into eight mantras widely accepted by Western governments and, by talking to the people who promote those ideas — and the workers, businesspeople and consumers, who have felt their impacts, — finds they often don't play out as expected.

Smart, funny and incisive, Free Lunch Thinking is essential reading for anyone who really wants to know how economies tick — and why they often don't.

  1. The Laffer Conundrum
    Do lower taxes help growth?
  2. The Feldstein Revelation
    Do high taxes make us lazy?
  3. The Hire and Fire Debate
    Is job security economically damaging?
  4. The Jensen Claim
    Can money make you a better manager?
  5. The Stigler Hypothesis
    Does a minimum wage cost jobs?
  6. The Russell Graph
    Do 'sin taxes' work?
  7. The Pigou-Coase Disagreement
    Does regulation harm economic growth?
  8. The Jorgensen Thesis
    Are taxes on business damaging?