Fred Harrison’s thesis is that land speculation is the major cause of depressions. He shows how the land market functions as a junction box which regulates the power flowing between Labour and Capital, and how land speculation periodically throws the switches on the productive power of men and machines, causing economic stagnation. This theory was acknowledged by philosophers such as Adam Smith and Karl Marx, and social reformers ranging from Winston Churchill to Leo Tolstoy, but it has been forgotten by today’s economists and policy-makers. The hypothesis is tested against the historical facts and the recent booms and slumps, and is found to offer a powerful explanation for postwar trends in unemployment and the distribution of income.
Author: Fred Harrison
Binding Type: Paperback
Publisher: Shepheard-Walwyn Publishers
Published: 05/03/2021
Pages: 330
Weight: 1.1lbs
Size: 9.00h x 6.00w x 0.80d
ISBN: 9780856835421
Language: English
This title is not returnable
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