Mises Daily
Author:
J. Dayne Girard
Online Publish Date:
This article is also available as an Audio Mises Daily “Everything popular is wrong” — Oscar Wilde’s famous quote can be supported by economic theory. One of the seemingly neglected aspects of malinvestment is the effect it has upon the popular perception of products, services, and lifestyles. Malinvestment, while misunderstood by many, is