Summary
Phil Anderson draws subscriber attention to the book “The Corruption of Economics” by Mason Gaffney and Fred Harrison, which has been republished by Shepheard-Walwyn. This email highlights the deliberate suppression of land value taxation from mainstream economic thought and its relevance to understanding why the real estate cycle persists.
Key Claims
- “The Corruption of Economics” by Mason Gaffney and Fred Harrison documents how land economics was deliberately removed from mainstream economics
- A new e-book edition is now available (Shepheard-Walwyn)
- Fred Harrison’s podcast interview on the book is recommended listening (30 minutes)
- Understanding this conspiracy is more important than any other “conspiracy theory” in circulation
- Economic orthodoxy ignoring land rent is why the real estate cycle cannot be stopped