Paradoxes in Economic Analysis

Statistics can help to take a more subtle and nuanced view of things, where we might otherwise make hasty judgments and be left with a very one-sided view. However, figures and graphs can also be misleading: ‘relative versus absolute’ and ‘nominal versus exponential’ are only two of the numerous dimensional issues to be considered. We should therefore be careful about the way we use statistics. This short paper provides seven paradoxes on analytical issues regarding the Luxembourg economy and society.