Myth

A good way to approach the notion of a myth is to understand it as something that is real, even if it never happened. In effect, even though a myth may be in part a fabrication of information, it carries with it the same power that truth could elicit. Economics as a field has suffered from its own set of myths, largely because the lay population is unfamiliar with how economies function and how society can be implicated within the complex relationships it builds on. While myths could easily be brushed off as perpetuated lies, it is perhaps better to look at them as living examples of the ways people make sense of the world around them. Myths that surround economics would be better understood ...