The book comprises of essays in honour of Professor Mason Gaffney, who has for years researched and published the most insightful work in to the economic concepts that can solve our social and environmental problems. Professor Gaffney is a personal hero of mine I am am deeply honored to be chosen by the Schalkenbach Foundation to honor Mason in this way.
“An inveterate optimist [who] makes an excellent case that, by applying the Henry George principle, we can reduce inequality, and raise ample public revenues to be directed at any one of a multitude of society’s ills”. Joseph Stiglitz (University Professor at Columbia University, recipient of the 2001 Nobel Memorial Prize in economics)
Mason Gaffney Describing how to solve the water crisis in California:
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.
The authors are drawn from the legal and property professions and from universities around the world. They evaluate the key contributions from Mason Gaffney, the Ultimate Heterodox economist, and they apply the new insights to current challenges. The issues confronted in Rent Unmasked range from corporate tax evasion to the rise of irrational forces within democratic societies; the housing crisis to the fractured politics of the Eurozone; the misdemeanours in the banking sector to the way in which financial policies must be framed if economics is to be harmonised with ethics. The social science branded as “dismal” because of the ideological prejudices of past exponents is shown to be empowering for problem-solvers in the 21st century.
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