4 Logical Fallacies in Economics + Adam Smith
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5 Terms
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Ad hominen =
committed when someone judges the merit of the argument exclusively by the identity of the person making it
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Post hoc =
committed when someone concludes just because event A happend in time before event B, then event A caused event B
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Fallacy of composition =
Committed when someone conlcudes that which is true for a part of the whole is true for the whole
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Naturalistic fallacy =
It’s wrong to conclude that just because something is, it is moral
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Adam Smith says
the cause of the wealth of nations is “the division of labor” (specialization)
Note 
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