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From:
[log in to unmask] (Pat Gunning)
Date:
Thu Jul 20 08:35:23 2006
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One who is interested in fallacies might look at:  
  
Knight, F. H. (1924) "Some Fallacies in the Interpretation of Social   
Cost." Quarterly Journal of Economics. Reprinted in Knight (1935) The   
Ethics of Competition and Other Essays. University of Chicago Press.  
  
There is also the fallacy of composition: Example: if one person in a   
crowded theater stands up he can see better, although he is less   
comfortable; if all stand up nobody sees better and they are all less   
comfortable. In economics, this would apply to the so called   
preference-revelation problem in public goods theory, to the   
transactions cost problem due to holding out for a better deal in   
bilateral trade, and to copying an innovation.  
  
There is the broken window fallacy. Breaking a window creates employment   
and is "good for the economy."  
  
One might also search JSTOR.  
  
Pat Gunning  
  
  

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