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Are the following statements economic axioms or myths (see details)

Asked by Strauss (23635points) April 5th, 2013

When reading this article about economic myths, I came upon this list (numbers inserted):

1. The myth that growth in GNP is a valid measure of human well-being and progress.
2. The myth that free unregulated markets efficiently allocate a society’s resources.
3. The myth that growth in trade benefits ordinary people.
4. The myth that economic globalization is inevitable.
5. The myth that global corporations are benevolent institutions that if freed from governmental interference will provide a clean environment for all and good jobs for the poor.
6. The myth that absentee investors create local prosperity.

It seems that this article (from 1995) was at least a little prophetic, but no one “had the guts to leave the temple”.

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