[Review] Seven Deadly Economic Sins (James R. Otteson) Summarized.

Seven Deadly Economic Sins (James R. Otteson)

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Seven Deadly Economic Sins: Obstacles to Prosperity and Happiness Every Citizen Should Know is a 2021 nonfiction book by philosopher and economist James R. Otteson. Written for a general audience rather than specialists, it explains a set of recurring economic fallacies that distort public debate and personal judgment. Otteson uses the language of sin as a metaphor: the sins are not moral failings in the ordinary religious sense, but mistaken assumptions about how markets, wealth, inequality, and government actually work. The book is designed to be accessible to readers who may have strong opinions about economic issues but limited formal training in economics. Its purpose is to show why common errors lead to waste, loss, and reduced prosperity, and why clearer economic reasoning can support both material well-being and social peace. The framing is philosophical as well as economic, connecting market exchange to moral agency, voluntary cooperation, and the conditions for human flourishing.