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The Corruption of Economics (Paperback)

Author: Gaffney, Mason

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Product Overview

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.

Specifications

Publisher Paul & Co Pub Consortium
Mfg Part# 9780856832444
SKU 203384449
Format Paperback
ISBN10 0856832448
Release Date 10/22/2007
Product Attributes
Book Format Paperback
Number of Pages 0271
Publisher Shepheard-Walwyn Publishers
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