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The Corruption Of Economics
''The Corruption of Economics'' is a 1994 book by Mason Gaffney and Fred Harrison, containing a critique of neoclassical economics and an account of the alleged suppression of the economic ideas of Henry George. Content The book consists of four essays. Harrison contributed two essays, ''Prologue: Who's Afraid of Henry George?'' and ''The Georgist Paradigm'', and one co-written with Kris Feder, ''Postscript on neo-classical economics: South Africa 1994: Countdown to Disaster''. In the introduction to ''A Philosophy for a Fair Society'' (1994) by Michael Hudson, G. J. Miller and Kris Feder, Harrison gave a summary: The Georgist paradigm infuriated the aristocratic landlords. They strenuously schemed to suppress public understanding of its virtues. They initiated political action against the policy. In the United States, they even funded universities and professorships to degrade Henry George's thesis. James K. Galbraith, reviewing the second edition (2006), described the argum ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mason Gaffney
Merrill Mason Gaffney (October 18, 1923 – July 16, 2020) was an American economist and a major critic of Neoclassical economics from a Georgist point of view. Gaffney first read Henry George's masterwork ''Progress and Poverty'' as a high school junior. This interest led him to Harvard University in 1941 but, unimpressed with their approach to economics he left in 1942 to join the war effort. After serving in the southwest Pacific during World War II he earned his B.A. in 1948 from Reed College in Portland, Oregon. In 1956 he gained a Ph.D. in economics at the University of California, Berkeley. There he addressed his teachers' skepticism about Georgism with a dissertation titled "Land Speculation as an Obstacle to Ideal Allocation of Land." Gaffney was Professor of Economics at the University of California, Riverside from 1976 onwards. He died in July 2020 at the age of 96. Career Gaffney was a professor of economics at several universities; a journalist with '' TIME, Inc.''; ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herbert Gintis
Herbert Gintis (February 11, 1940 – January 5, 2023) was an American economist, behavioral scientist, and educator known for his theoretical contributions to sociobiology, especially altruism, cooperation, epistemic game theory, gene-culture coevolution, efficiency wages, strong reciprocity, and human capital theory. Throughout his career, he worked extensively with economist Samuel Bowles (economist), Samuel Bowles. Their landmark book, ''Schooling in Capitalist America: Educational Reform and the Contradictions of Economic Life, Schooling in Capitalist America'', had multiple editions in five languages since it was first published in 1976. Their book, ''A Cooperative Species: Human Reciprocity and its Evolution'' was published by Princeton University Press in 2011. Early life and education Gintis was born in Philadelphia, Pennsylvania, where his father had a retail furniture business. He grew up there and later in Bala Cynwyd (just outside Philadelphia). Gintis completed his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1994 Books
The year 1994 was designated as the "International Year of the Family" and the "International Year of Sport and the Olympic Charter, Olympic Ideal" by the United Nations. In the Line Islands and Phoenix Islands of Kiribati, 1994 had only 364 days, omitting December 31. This was due to an adjustment of the International Date Line by the Kiribati government to bring all of its territories into the same calendar day. Events January * January 1 ** The North American Free Trade Agreement (NAFTA) is established. ** Beginning of the Zapatista uprising in Mexico. * January 8 – ''Soyuz TM-18'': Valeri Polyakov begins his 437.7-day orbit of the Earth, eventually setting the world record for days spent in orbit. * January 11 – The Irish government announces the end of a 15-year broadcasting ban on the Provisional Irish Republican Army and its political arm Sinn Féin. * January 14 – U.S. President Bill Clinton and Russian President Boris Yeltsin sign the Kremlin accords, which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Distribution Of Income
In economics, income distribution covers how a country's total GDP is distributed amongst its population. Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes economic inequality which is a concern in almost all countries around the world. About Classical economists such as Adam Smith (1723–1790), Thomas Malthus (1766–1834), and David Ricardo (1772–1823) concentrated their attention on factor income-distribution, that is, the distribution of income between the primary factors of production (land, labour and capital). Modern economists have also addressed issues of income distribution, but have focused more on the distribution of income across individuals and households. Important theoretical and policy concerns include the balance between income inequality and economic growth, and their often inverse relationship. The Lorenz curve can represent the distribution of income within a so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal Productivity
In economics and in particular neoclassical economics, the marginal product or marginal physical productivity of an input (factor of production) is the change in output resulting from employing one more unit of a particular input (for instance, the change in output when a firm's labor is increased from five to six units), assuming that the quantities of other inputs are kept constant. The marginal product of a given input can be expressed as: :MP = \frac where \Delta X is the change in the firm's use of the input (conventionally a one-unit change) and \Delta Y is the change in the quantity of output produced (resulting from the change in the input). Note that the quantity Y of the "product" is typically defined ignoring external costs and benefits. If the output and the input are infinitely divisible, so the marginal "units" are infinitesimal, the marginal product is the mathematical derivative of the production function with respect to that input. Suppose a firm's output ''Y ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Blaug
Mark Blaug FBA (; 3 April 1927 – 18 November 2011) was a Dutch-born British economist (naturalised in 1982), who covered a broad range of topics during his long career. He was married to Ruth Towse. Life and work Blaug was born on 3 April 1927 in The Hague as Norbert Blauaug. In 1955 Blaug received his PhD from Columbia University in New York under the supervision of George Stigler. Besides shorter periods in public service and in international organisations he has held academic appointments in – among others – Yale University, the University of London, the London School of Economics, the University of Exeter and the University of Buckingham. He was visiting professor in the Netherlands, University of Amsterdam and Erasmus University in Rotterdam, where he was also co-director of CHIMES (Center for History in Management and Economics). Mark Blaug made far reaching contributions to a range of topics in economic thought throughout his career. Apart from valuable contribu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Centre For Incentive Taxation
The Henry George Foundation is an independent UK economic and social justice think tank and public education group concerned with "the development of sound relationships between the citizen, our communities (from the local to the global) and our shared natural and common resources". The Henry George Foundation describes itself as "active on three broad fronts: research, education, and advocacy". The Foundation takes its name from Henry George, the 19th Century economist and proponent of the taxation of land values. Activities The Henry George Foundation is the publisher of the magazine ''Land&Liberty''. The Foundation holds educational courses and organises conferences and other public events focussing on tax reform issues. It has sponsored academic research, published extensively, and advised legislators, civil servants and NGOs on land and tax reform matters. History The Henry George Foundation is the present-day successor of a series of organisations and names that hails ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nicolaus Tideman
Thorwald Nicolaus Tideman (, not ; born August 11, 1943, in Chicago, Illinois) is a Georgist economist and professor at Virginia Tech. He received his Bachelor of Arts in economics and mathematics from Reed College in 1965 and his PhD in economics from the University of Chicago in 1969. Tideman was an assistant professor of economics at Harvard University from 1969 to 1973, during which time from 1970 to 1971 he was a Senior Staff Economist for the President's Council of Economic Advisors. Since 1973, he has been at Virginia Tech, with various visiting positions at Harvard Kennedy School (1979–1980), University of Buckingham (1985–1986), and the American Institute for Economic Research (1999–2000). Research Tideman's academic interests include taxation of land, voting theory, and political philosophy. Ranked Pairs In 1987, he devised the voting system called " ranked pairs" (or the "Tideman method" or simply "RP"), which is a type of Condorcet method. It selects a sin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Skousen
Mark Andrew Skousen (; born October 19, 1947) is an American economist and writer. He currently teaches at Chapman University, where he has been the Doti- Spogli chair in free enterprise at the Argyros School of Business and Economics since 2022. Early life, education and family Skousen was born on October 19, 1947, in San Diego, California, and grew up in Portland, Oregon. Conservative political commentator and survival strategist Joel Skousen and linguist Royal Skousen are his older brothers. He is the nephew of W. Cleon Skousen, the political conservative and activist. Mark Skousen earned his B.A. and Master's degree in economics from Brigham Young University and his PhD in economics from George Washington University in 1977. Skousen is a member of the Church of Jesus Christ of Latter-day Saints. He has five children with his wife Jo Ann. Career Skousen was an economic analyst for the CIA from 1972 to 1975. He later worked as a consultant for IBM and Hutchinson T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Animadversion
A critic is a person who communicates an assessment and an opinion of various forms of creative works such as art, literature, music, cinema, theater, fashion, architecture, and food. Critics may also take as their subject social or government policy. Critical judgments, whether derived from critical thinking or not, weigh up a range of factors, including an assessment of the extent to which the item under review achieves its purpose and its creator's intention and a knowledge of its context. They may also include a positive or negative personal response. Characteristics of a good critic are articulateness, preferably having the ability to use language with a high level of appeal and skill. Sympathy, sensitivity and insight are also important. Form, style and medium are all considered by the critic. In architecture and food criticism, the item's function, value and cost may be added components. Critics are publicly accepted and, to a significant degree, followed because of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alfred Marshall
Alfred Marshall (26 July 1842 – 13 July 1924) was an English economist and one of the most influential economists of his time. His book ''Principles of Economics (Marshall), Principles of Economics'' (1890) was the dominant economic textbook in England for many years, and brought the ideas of supply and demand, marginal utility, and costs of production into a coherent whole, popularizing the modern Neoclassical economics, neoclassical approach which dominates microeconomics to this day. As a result, he is known as the father of scientific economics. Life and career Marshall was born at Bermondsey in London, the second son of William Marshall (1812–1901), a clerk and cashier at the Bank of England, and Rebecca (1817–1878), daughter of butcher Thomas Oliver, from whom, on her mother's death, she inherited property. Marshall had two brothers and two sisters; a cousin was the economist Ralph George Hawtrey, Ralph Hawtrey. The Marshalls were a West Country clergy, clerical f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fred Harrison (author)
Fred Harrison (born 1944) is a British author, economist, economic commentator, and corporate policy advisor, notable for his stances on land reform and belief that an overreliance on land, property, and mortgages weakens economic structures and makes companies vulnerable to economic collapse. Dirk Bezemer, a professor of economics at the University of Groningen in the Netherlands, noted that Harrison was one of the earliest to have predicted the 2008 financial crisis. In 2005 Harrison commented: "The next property market tipping point is due at end of 2007 or early 2008 ... The only way prices can be brought back to affordable levels is a slump or recession." Early life Harrison was born in British Cyprus, and educated in England, Germany, and Singapore. After studying at Ruskin College, Oxford, he graduated from University College, Oxford, with a BA (Hons) and read for his MSc at University of London. Harrison lives in London with his wife, Rita. They have one daughter, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
