{"title":"Mason Gaffney","description":"\u003cp\u003eExplore the insightful works of Mason Gaffney, a renowned economist. Delve into his studies of land economics, property taxation, and urban development. A must-read for those interested in economic reform.\u003c\/p\u003e","products":[{"product_id":"corruption-of-economics-book-mason-gaffney-9781916517004","title":"The Corruption of Economics","description":"Revealing the mystery of persistent economic failure, this book explains how the distorted view of economics has protected vested interests and prevented a more efficient economy, more equitable distribution of wealth and greater protection for the environment. This book is for those who know there is something wrong with our current system and want to discover more about what this is and what can be done to put it right. Some years ago, The Economist carried a lead editorial, ' The puzzling failure of economics' . The frank admission was provoked by the publication of a new edition of Paul Samuelson's Economist. The editorial concluded that it ' is not a failure of economics, in fact, but of modern  neo-classical] economics' . In the second edition of The Corruption of Economics, the authors argue there is nothing puzzling about this failure. They document how the integrity of economics as a discipline was deliberately compromised towards the end of the 19th century. The tool for this strategy became new-classical economics. Classical economists like Adam Smith had described wealth as the product of three factors - land, labour and capital, whereas the new theorists reduced these to two, labour and capital, treating land as capital. The effect, the authors reveal, was to deprive professional economists of the ability to diagnose problems, forecast important trends and prescribe solutions. Neo-classical economics condemns the post-industrial economy to protracted periods of economic failure.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":49748403978513,"sku":"NGR9781916517004","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1916517005.jpg?v=1751281776"},{"product_id":"corruption-of-economics-book-mason-gaffney-9780856831607","title":"The Corruption of Economics","description":"Documents how the integrity of economics as a discipline was compromised towards the end of the nineteenth century with the rise of neo-classical economics. This book is for those who know there is something wrong with our system but cannot put their finger on what it is.","brand":"WoB","offers":[{"title":"US \/ VERY_GOOD \/ SBYB","offer_id":50110352490769,"sku":"CIN0856831603VG","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ GOOD \/ SBYB","offer_id":52105199780113,"sku":"CIN0856831603G","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0856831603.jpg?v=1751012093"},{"product_id":"after-the-crash-book-mason-gaffney-9781444333077","title":"After the Crash","description":"This book analyzes in a new way the causes of the current crash by showing how such events derive from real estate bubbles and their interactions with banks and other lenders.     Analyzes the current crisis of the real estate crash and explains the recurring cycle which led to it Examines why frequent assessments are crucial to making the property tax an effective method of preventing speculative real estate bubbles Combines theoretical analysis with observed cycles of land speculation to demonstrate the impact on the modern economy","brand":"WoB","offers":[{"title":"US \/ GOOD \/ SBYB","offer_id":50243090514193,"sku":"CIN1444333070G","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1444333070.jpg?v=1751370649"},{"product_id":"corruption-of-economics-book-mason-gaffney-9780856831515","title":"The Corruption of Economics","description":"The mystery of persistent economic failure can now be explained. Professor Mason Gaffney charges his colleagues with using a theoretical apparatus that is fatally flawed. But he goes further: he accuses the founders of neo-classical economics - the paradigm taught in schools and universities - of acting in bad faith. They distorted the science of economics to protect vested interests, and prevented governments adopting policies that would yield prosperity for everyone. How did it happen? A century ago the programme which synthesized social justice with efficient market economics was endorsed by millions of people in Britain, the United States, Ireland and Australia. Their champion was Henry George. Armed with the language of classical economics, he challenged the power elites whose riches were built on the poverty of the masses. To stop Henry George the fortune hunters hired professors to pervert the language of economics and confuse democratic debate. The use of this corrupted economics continues to this day, explain the authors, who analyze recent attempts to intimidate reforming politicians such as Nelson Mandela.  If the full potential of the market economy is to be enjoyed by everyone, taxes must be transferred from consumption and production onto the rent of land. This was the theory - developed and endorsed by the greatest economist - that the landlords would not tolerate, their stratagem succeeded. But, in debasing their discipline, economists deprived themselves of the ability to diagnose problems, forecast trends and prescribe solutions, thereby condemning the 20th century to protracted periods of economic malaise. Mason Gaffney is the editor of Extractive Resources and Taxation. Fred Harrison is the author of Land and Liberty and The Power in the Land.","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":50527391088913,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":50527391351057,"sku":"GOR002921238","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":53350647496977,"sku":"GOR005139926","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0856831514.jpg?v=1751265603"},{"product_id":"corruption-of-economics-book-mason-gaffney-9780856832444","title":"The Corruption of Economics","description":null,"brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51435693244689,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":51435693310225,"sku":"GOR007665775","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0856832448.jpg?v=1750850561"}],"url":"https:\/\/www.worldofbooks.com\/collections\/author-books-by-mason-gaffney.oembed","provider":"World of Books ","version":"1.0","type":"link"}