Econofakes

Despite its appearance of objective, scientific, and indisputable truth, economics is riddled with falsehoods. Their half-truths or blatant lies, however, are not told by mistake or for pleasure, but to cause a certain effect on the listener. In our time, this effect is evident: to justify and promote the greater concentration of income and wealth in a few hands and make people resign themselves to silence while their rights are restricted and an economic model is imposed on them, in addition to being unfair, inefficient. . In this transparent and devastating book, the professor of Applied Economics Juan Torres reveals the ten falsehoods of the economy that have the most impact on our way of living and distributing wealth. In brief and analytical chapters, he dismantles assumptions such as that the basic problem of the economy is scarcity, that capitalism is an economic system based on competition and the free market, that the aging of the population will make pensions unpayable, which is unavoidable. lowering wages to create jobs, lowering taxes benefits everyone, and other mantras that our system stands on. The economy based on liberal postulates, the dominant one in our time, is presented to us with a great level of abstraction, formulated with complicated mathematical developments that try to make us believe that its scientific rigor is indisputable. But the truth is that the conclusions and proposals derived from it collide head-on with reality. This book demonstrates it with passion and precision.