Puzzles and Paradoxes in Economics Author:Mark Skousen, Kenna C. Taylor The study of economics is full of puzzles and paradoxes that often frustrate and challenge everyone, including economists. This book contains 50 puzzles, focusing upon three types of paradox: everyday, common-sense observational puzzles (supermarket prices); once puzzling issues, now resolved (the diamond-water paradox); and empirical or concept... more »ual anomalies that remain unresolved (the voting paradox). The 50 puzzles are analysed in a clear framework that uses examples that enable the reader to relate to them. For example, these include: the fairness of market wages; the alleged gold absurdity; the leisure paradox; the question of whether teachers are underpaid; whether studying economics makes people immoral; and whether war is good for the economy.« less