Rent Unmasked

Rent Unmasked

By | 2017-12-08T14:09:46+00:00 January 4th, 2017|Book, Current events, Economic problems, Poverty|1 Comment

A new book has been released.

Rent Unmasked

Rent Unmasked explores the new economic paradigm that policy-makers need to solve global problems in the post-2008 era. With conventional economic theories discredited, the new model must equip governments with tools to re-stabilise societies in a dangerous world. Rent Unmasked explains why one paradigm only qualifies to serve this purpose: the dynamic model that reinstates time and space in economic theorising.

The Flat Earth economics of the neo-classical school is analysed by the 13 contributors to this volume, which honours the seminal role played by Mason Gaffney, Emeritus Professor of Economics at the University of California (Riverside), in exposing the way in which classical economics was debased to serve rent-seeking interests.

One Comment

  1. Bryan Kavanagh January 4, 2017 at 1:17 pm

    Yup, it’s a very good read! People who want to see why world economies are foundering would be rewarded by this book. Each of the thirteen contributors to “Rent Unmasked” provides their own insights upon the theme of substituting ground rents for taxes on labour and capital. Although Australian Dr Terry Dwyer provides a provocative chapter of his own, “Tax Dodging and the Coming Tax Wars”, he is also tellingly quoted in an excellent chapter by Francis K Peddle:
    As Terence Dwyer nicely put it:
    “There are no more pernicious sayings in economics than ‘there is no such thing as a free lunch’, ‘economics is about the allocation of scarce resources’, or ‘economics is about profit maximization’. The history of the theory of land value taxation gives the lie to all these. The history of land value taxation shows that economic theory need not be a dismal science or confined to a coarse study of vulgar money-making. It can display harmony of theory, policy, and justice as elegant and beautiful as any theorem in mathematics (Dwyer, 2014:669).”

    How true!

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