The Corruption of Economics

Fred Harrison, Mason Gaffney

Summary

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’.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.
 
The contributors are … in tune with the increasing realization by economists of the importance of the property market to the macroeconomy.

Available since: 06/01/2022.

Print length: 429 pages.

Other books that might interest you

Mastering Airbnb Guest...

AHMED MUSA

"Mastering Airbnb Guest Communication: Building Trust and Getting Five-Star Reviews" 
Unlock the secrets to exceptional Airbnb hosting with Mastering Airbnb Guest Communication. This comprehensive guide dives deep into the art of engaging with guests effectively, from crafting inviting listings to fostering trust and delivering personalized experiences. Learn how to anticipate guest needs, address concerns, and enhance their journey with thoughtful communication strategies that turn first-time visitors into loyal repeat guests. Whether you’re a seasoned host or just starting out, this book equips you with actionable insights and practical tools to build strong relationships, boost your reviews, and stand out in a competitive marketplace. Transform your hosting journey with expert advice that ensures every guest feels valued, welcomed, and eager to return.

Show book

Sweet Success - A Simple Recipe...

Candace Nelson

Read by the author.
LEARN THE RECIPE FOR STARTING A SUCCESSFUL BUSINESS
For the first time ever, founder of Sprinkles Cupcakes, Candace Nelson, is sharing the recipe for success in her new book, Sweet Success. She will walk you through the steps she took to build a globally beloved brand, so you can do it too. Although she deals in frosting, there’s no sugarcoating here. Candace pushes back the kitchen door to reveal mistakes, misses, and lessons learned the hard way. Readers will learn how to:Obtain the key ingredients to any successful businessCraft the mindset of an entrepreneurLearn the secret recipe for packaging a product for profitTurn kitchen experiments into top selling productsCultivate a community of brand evangelistsStep into a personal brand to amplify the businessKnow where to put marketing dollars most effectivelyAnd much more.
In a time of unprecedented disruption and innovation, people are rethinking career and professional purpose. It’s never been a better time to start a business. Sweet Success dispels the myth that entrepreneurship is reserved for an elite few and is a must-read for anyone with a passion needing a place to start or a push along the way.
At a career crossroads, instead of going to business school like her peers, Candace Nelson reflected on what she really wanted to do—and did what nobody, including Candace herself, would have expected. She poured her passion and life savings into creating the world’s first cupcake bakery. Today, Sprinkles Cupcakes and its Cupcake ATMs have become a globally recognized brand, celebration mainstay, and inspiration for entrepreneurs everywhere.

Show book

Beat the Odds in Business & Life

Sandy Gennaro, Steve Olivas

Sandy Gennaro has learned a thing or two during his fifty years on the world stage. The music industry has cultivated in him a keen sense of business management—leading to this collection of strategies, philosophies, and practical solutions to many of the struggles facing companies small and large. Reading this book will prepare everyone (from the CEO right down to front-line employees) to navigate both the obstacles and the victories related to start-up, growth, and sustaining market position. Sandy uses real examples from his storied career with Hall-of-Fame artists to illustrate his lessons. You’ll laugh and learn; he has the heart of a teacher and balances the practical with the didactic, thereby making this a must-read book for anyone involved in today’s corporate climate!

Show book

Create Your Value Proposition &...

Vicente Ferrio

Connect your talent with your life purpose and start creating the opportunities you deserve within your company; in your current position, but taking initiative... and taking control of your career in the process. How? By creating a value proposition within your field of expertise in order to achieve the fulfillment and recognition you deserve. 
This course will show you how to build a solid value proposition that will not only allow you to stand out, but also generate impact in your work environment. You’ll learn to take control of your career, taking responsibility for your own growth and becoming known for your initiative and proactivity. With tools, reflections, and practical exercises, this course will help you achieve the recognition and professional satisfaction you deserve, successfully adapting to the changes and challenges of today's work environment.

Show book

American Dream Come True - Why...

Tony Bertoldi

What if there were one single way we could significantly improve the American economy, public health, and offer attractive investment opportunities, while also providing more homes for American families and workers?

The American Dream has always been built on the notion that no matter where you come from, you can be successful. For the past century, housing has played a major role in making the American Dream a reality for millions of individuals. In short, the availability of affordable housing stands at the crossroads of capitalism and compassion.

In American Dream Come True, Tony Bertoldi leverages over two decades’ worth of experience in affordable housing to explain in clear and entertaining prose what affordable housing really is and who it impacts. Spoiler alert: all of us.

By debunking the common misconceptions about affordable housing, Bertoldi shows how supporting affordable housing is a benefit for the entire American ecosystem, and where you fit in. From addressing inflation, job creation, and creative ESG strategy, to reducing health costs for American taxpayers, Bertoldi shows how the Low Income Housing Tax Credit (LIHTC, pronounced LI-Tec) program creates a more balanced society where people from all backgrounds can work, live, and contribute to their community and to the health of the American economy.

If there is any truth to the phrase “home is where the heart is,” then the call to action for all of us is the same—to put our heart into creating more affordable homes. It’s good for individuals. Good for families. Good for health. Good for business. Good for America.

Show book

Secret to Getting Along The (And...

Gabrielle Hartley

Conflict is everywhere—in our homes, at work, on our social media feeds. But conflict isn't inherently bad. In fact, it's a normal and healthy part of human relationships, but many of us aren't good at managing conflict in our everyday lives. In The Secret to Getting Along (And Why it's Easier Than You Think!), attorney Gabrielle Hartley brings more than two decades of divorce mediation experience to helping you learn how to resolve conflict in ways that strengthen your relationships, reflect your values, and lead to positive outcomes for everyone involved. This practical and accessible guide to everyday conflict resolution will help you: 
 
 
 
● Reframe your approach to conflict 
 
 
 
● Find your way to more harmony and less discord 
 
 
 
● Create better outcomes and strengthen your skills in resolving conflicts 
 
 
 
● Experience more peace even when relationships don't go well 
 
 
 
● Feel more connected to the people in your life 
 
 
 
The Secret to Getting Along (And Why It's Easier Than You Think!) is a necessary resource for navigating difficult conversations and situations—and finding the solutions that will help you create a peaceful, less stressful, and more fulfilling life.

Show book