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  • Published: 28 January 2021
  • ISBN: 9781473574618
  • Imprint: Cornerstone Digital
  • Format: EBook
  • Pages: 384
Categories:

Free Lunch Thinking

8 Economic Myths and Why Politicians Fall for Them




Why most economic assumptions made by governments are wrong

Countries with smaller governments grow faster.
Tobacco taxes are the best way to cut smoking.
Government regulation discourages 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.
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'I couldn't put it down. A thorough and nuanced examination of the evolution of supply side economics . . . I loved it.' Arthur Laffer, creator of the Laffer Curve

'An entertaining and thought-provoking exploration of economic theories that have been both widely accepted and largely wrong . . . I devoured it in a couple of sittings.' Reuters Breakingviews

'An insightful account of the recent history of economic thought. If you are looking for a book which challenges you without being annoying - make it this one.' Institute of Economics Affairs

  • Published: 28 January 2021
  • ISBN: 9781473574618
  • Imprint: Cornerstone Digital
  • Format: EBook
  • Pages: 384
Categories:

About the author

Tom Bergin

Tom Bergin has reported on the energy industry for over twelve years, having previously worked as an oil broker. He is in charge of Reuters's coverage of the oil industry in Europe, the Middle East and Africa, and his work has been published in The New York Times, The Times, The Wall Street Journal, International Herald Tribune, The Globe and Mail and the Shanghai Daily, as well as in dozens of newspapers and magazines around the world. He is a regular television and radio commentator, appearing on CNBC, ITV, the BBC and other outlets as far away as New Zealand. In 2013, he was named Business Journalist of the Year at the British Press Awards.

Apart from the oil industry, Tom has reported on financial scandals, including the rise and fall of Enron, environmental issues, EU politics and terrorist attacks. He lives in London with his wife, a former Reuters reporter turned investment banker, and two young sons.

Also by Tom Bergin

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Praise for Free Lunch Thinking

I couldn't put it down. A thorough and nuanced examination of the evolution of supply side economics and the debates we had around how to put the theory into practice. I loved it.

Arthur Laffer, creator of the Laffer Curve

An essential read if you want to know how economics has erred - and how it can do better.

Gabriel Zucman, author of 'The Hidden Wealth of Nations'

A brilliant tour de force exposing the limitations of economic theories. Bergin punctures many accepted myths and - with care and rigour - demonstrates how much accepted economic orthodoxy is based on ideology and not reality. A very readable and well-researched book that we all should read.

Margaret Hodge, former chair of the UK parliament’s Public Accounts Committee

An entertaining and thought-provoking exploration of economic theories that have been both widely accepted and largely wrong . . . I devoured it in a couple of sittings.

Reuters Breakingviews

Fantastically provocative book . . . a really great read.

David McWilliams, economist and author

Wonderful book . . . A very lively read.

Matthew Taylor, chief executive of RSA (Royal Society of Arts, Manufacturing and Commerce)

A fine book . . . The quality of public policy should be all the better for it.

Wealth Briefing

Superb . . . Bergin brings his sharp eye and insights to in this elegant narrative.

Daily Maverick, South Africa

He has written a thoughtful, fairminded, and intellectually honest critique of free-market economics, which raises some interesting challenges for free-marketeers. He combines that with an insightful account of the recent history of economic thought. If you are looking for a book which challenges you without being annoying - make it this one.

Institute of Economic Affairs