Abstract

IT IS HIGHLY IMPORTANT in the teaching of economics that students be taught to analyze various widely held fallacies and that they learn how to refute them convincingly. Any teaching which leaves them the easy victims of such (often) plausible fallacies is to that extent inadequate and superficial. Any such teaching is not less-but, rather, all the moreimportant when some of the fallacies have had the support not only of many of the politically great but of well-known professional economists! Among the fallacies which, in my own teaching, I seek to guard my students against, through explanation, analysis of quotations, general discussion, and written examinations, are the following:

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