Seven Deadly Economic Sins: A Review

Very recommendable!

"... in the Christian tradition, there are said to be seven deadly sins, which are agreed upon as harmful to the human condition. In list form, these are pride, greed, lust, envy, gluttony, wrath, and sloth. ..."

Some of these Christian sins are also very useful for free market economies. In moderation lust, envy, or greed can drive overall progress and welfare of humanity through means of free markets, where entrepreneurs compete with each other! 

The seven deadly economic sins are:

1. Wealth Is Zero Sum Fallacy (about positive-sum wealth generation)
2. Good Is Good Enough Fallacy (about opportunity costs and unintended consequences)
3. The Great Mind Fallacy (typical for all socialists)
4. Progress Is Inevitable Fallacy (only classical liberalism plus the free market of ideas insure lasting and evolving progress)
5. Economics is Amoral Fallacy (entrepreneurs serve their customers and customers become entrepreneurs in free market economies)
6. We Should All Be Equal Fallacy (equality is a very ambiguous concept)
7. Markets Are Perfect Fallacy (not sure why the author of this book picked this one)

Seven Deadly Economic Sins: A Review – AIER: "Seven Deadly Economic Sins is a must read for the general public, policymakers, and students of economics who wish to gain an understanding, at a philosophical level, of the economic fallacies that continue to circulate in common thought and among certain policymakers, along with a convincing...