The corruption of economics

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Shepheard-Walwyn in association with Centre for Incentive Taxation, 1994 - Business & Economics - 271 pages
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Condemning the post-industrial economy to protracted periods of economic failure, this thought-provoking book documents how the integrity of economics as a discipline was deliberately compromised in the United States towards the end of the 19th century. Several chairs of economics were funded at leading universities to rebrand economics to justify unearned income. The tools for this strategy became neo-classical economics, and, unlike classical economists like Adam Smith who described wealth as the product of three factors-land, labor, and capital-the new theorists reduced these to two: labor and capital, thus treating land as capital. This concealed the benefits enjoyed by those in receipt of the rent from land. The effect, the authors reveal, was to deprive professional economists of the ability to diagnose problems, forecast important trends, and prescribe solutions.

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User Review  - Ariadna73 - Goodreads

I read this book because it was highly recommended by Brian Czech in his Supply Shock: Economic Growth at the Crossroads and the Steady State Solution book. And it did deliver. How a great book! I ... Read full review


Neoclassical Economics as a Stratagem
The Georgist Paradigm
Postscript on neoclassical economics

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