Don’t miss Dr. Steve Horwitz when he discusses “Three Economic Myths”

First Published: 2011-03-05

Join The Nassau Institute for an evening lecture on Wednesday, April 13, 2011 at 7:00pm at the British Colonial Hilton in Downtown Nassau.

Professor Horwitz will discuss three common myths that are part of the public discourse on economics. For each myth, he will indicate their kernel of truth, but then offer arguments and evidence for why they are, ultimately, myths.

Your $75 donation will cover a three course meal (Cream of Spinach Soup & Parmesan cheese, Roast Lamb with Parsley Potatoes and Gourmet Vegetables. Dessert: Chocolate Mousse, coffee or tea).

There will be a cash bar for your convenience.

Sponsors Include: Butterfield Bank (Bahamas) Limited, Arizona Beverages, NMC Leasing, The Brass & Leather Shops Ltd

Please click here… to register.

Event Summary:

The first myth is the claim that the cost of living is higher than ever. Using data on the amount of labor time it takes to purchase goods at the average private sector wage, he will show that most goods and services have never been cheaper.

He will then turn to the argument that the rich are getting richer and the poor are getting poorer. By looking at both the real state of income mobility, which suggests that most poor households in any given year are richer five or ten years out, and what poor American households are able to consume, which is more than the average American household did a generation or two ago, Dr. Horwitz will argue that everyone is getting richer, especially the poor. 

Finally, the belief that women earn 75 cents for every dollar men do will be discussed. Examining the important differences in the choices that men and women make before entering the labor market, and while they are in it, to demonstrate that although that statistic is true in the aggregate, it does not show that women are discriminated against in the labor market, as employers generally pay equally qualified and skilled workers close to the same, regardless of gender.

About Dr. Horwitz.

Dr. Steven Horwitz is Charles A. Dana Professor of Economics at St. Lawrence University in New York. He is the author of two books, Microfoundations and Macroeconomics: An Austrian Perspective (Routledge, 2000) and Monetary Evolution, Free Banking, and Economic Order (Westview, 1992), and he has written extensively on Austrian economics, Hayekian political economy, monetary theory and history, and the economics and social theory of gender and the family.  A member of the Mont Pelerin Society, he completed his MA and PhD in economics at George Mason University and received his A.B. in economics and philosophy from The University of Michigan.
Prof. Horwitz is a huge pro hockey fan, especially of his beloved Detroit Red Wings.

Help support The Nassau Institute