economic history

Gaffney on Piketty’s flaws

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A frenchman with no commentary on the Physiocrats? Mason Gaffney, author of the groundbreaking The Corruption of Economics and the recent Gaffney Reader, analyses Tomas Piketty’s bestseller ‘Capital’. Capital in Any Century: A Response to Thomas Piketty by Mason Gaffney (adapted by Lindy Davies) Through some magic or mystique, Thomas Piketty, in his Capital in […]

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Georgism: addressing root causes

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The hope behind band aids : a special on Henry George by Renegadeeconomists on Mixcloud The 7th birthday edition of the Renegade Economists paid tribute to the deep seated thinking behind Henry George’s writings. We discuss some of the many highlights to Georgism with The Prosperity Paradox editor, Dr Mark Hassad. Read the Prosperity Paradox […]

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The Neoclassical Response to Inequality and Growth

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Part II: The Neoclassical Response to the Classical Theories of Inequality and Growth by Polly Cleveland, cross-posted from Dollars & Sense Read Part 1 Mason Gaffney has shown how many individuals helped construct neoclassical economics, often with financial support from the robber barons and their successors. I will focus on two: in the United States, […]

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Piketty’s forerunners

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by Polly Cleveland, cross posted from Dollars & Sense. In Thomas Piketty’s doomsday model, slowing of growth in the twenty-first century will cause an inexorable increase in inequality. Piketty is not the first to propose a grand model of inequality and growth. To get some perspective on his model, let’s see what the “classical” economists […]

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A Speech For Land Tax – 1988 Victorian Parliament

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This speech is taken from Progress Magazine Issue No. 936, February 1988. It’s by Morris Williams, member for Doncaster and a past president of Prosper Australia (then known as Tax Reform Australia). SPEECH FOR LAND TAX IN THE VICTORIAN PARLIAMENT Mr. WILLIAMS (Doncaster)—The Bill distresses me. It could have roared like a lion, but it […]

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Winston Churchill – land reformer

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(1874 – 1965) This is one of our 50 famous biographies we are uploading by former Progress editor Karl Williams. See more “The socially-produced value of the land is reaped by the speculator in exact proportion, not to the service, but to the disservice, done.  The greater the injury to society, the greater the reward.” […]

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Physiocrats – The Catalysts of Economic Thought

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Cross Posted from Monmouth University The Physiocrats Ordell P. Olson Assistant Professor of Economics France, at the end of the seventeenth and into the eighteenth century, was gradually going bankrupt. Wars were depleting both the natural and human resources of the country. The need to finance the wars and the court display of nobility was […]

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Making the Commonwealth a Bankers Bank

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photo credit: Powerhouse Museum Collection Hon. Clyde R. Cameron A.O. Australian Minister for Labour (1972 – 1975) H/T – Liberty Australia Keynote address by Clyde Cameron to the Victorian Country Conference of the recently amalgamated Association made up of the former Australian Telecom Employees’ Association and Australian Telephone & Phonogram Officers’ Association held at the […]

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Anderson on Gann, Business Cycles

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Part 2 in Phil Anderson’s Asset Bubbles Forever presentation. Phil talks about WD Gann, 18 year cycles and interprets the 1929 Depression. Cycles are essential understandings and here Phil builds the framework. Check Economic Indicator Services for more from Phil.

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The Crash of 2008

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photo credit: mtbdeano Professor Mason Gaffney Get yourself comfortable – this is Must Read! This crash is The Big One; it has the signs of becoming a Category 5. How do we know? We’ve “been there and done that” so many times before, roughly every 18 years over the last 800 or more. Major wars […]

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