When analyzing economic phenomena, people often make the same mistakes as their ancestors who believed that allegedly Sun revolves around the Earth. However, economic illusions, unlike the example with Sun, not only prevent us from exploring the world but have very important impact on our well-being. As far as the economy is the science of how this wealth is created. In this respect, to refute many economic illusions dominating our society, we launch a series of articles “Debunking economic illusions”. The series target encouraging the reader to reflect on some simple facts, which poor understanding is the prime cause of our ongoing economic problems.
- Analytical reviews
- Economic development of transition
- Political economy and institutional issues