Economy – Ethical Economics Books and Research

Poverty is not Natural

SDkd9274hsDkue9 — Tue, 28 Sep 2021 03:14:01 +0000

Why is poverty and economic security not reducing amidst the enormous increased wealth we’ve seen on the planet so far? In Poverty is not Natural, the author George Curtis draws upon the work of 19th-century American economist, Henry George. It was George who looked into the cause of wealth disparity during the Industrial Revolution. George is known for his 1879 classic book…

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BOOK REVIEW: How our Economy really works

SDkd9274hsDkue9 — Fri, 14 Feb 2020 06:28:42 +0000

The author, is, unusually for a supporter of land value taxation and free trade, a graduate in economics, having gained a first class honours degree in Politics, Philosophy and Economics at the University of Oxford. This puts him in the advantageous position of being able to apply a critique of mainstream economics in its own terms, something which most of us are unable to do. For those who have…

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Should the World Economic Forum prioritise Climate Change over Economics?

SDkd9274hsDkue9 — Fri, 24 Jan 2020 09:37:41 +0000

In their Global Risks Report the World Economic Forum listed five environmental issues as the top risks to the global economy in 2020, overshadowing all other risks, including economic, and called for a new “growth paradigm” that addresses the interconnectedness of socio-economic factors with climate change. In an article entitled ‘The Greening of Mrs Thatcher’, The Economist reported her as…

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Poverty is not Natural

SDkd9274hsDkue9 — Thu, 02 Jan 2020 09:42:24 +0000

The first United Nations Sustainable Development Goal is to ‘End poverty in all its forms everywhere’, and yet regardless of whether there is a left wing, right wing or centrist government in power, the gap between rich and poor continues to increase, suggesting some common cause that is being overlooked. Nelson Mandela maintained in his 2005 Trafalgar Square address that ‘Like slavery and…

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How Our Economy Really Works

SDkd9274hsDkue9 — Tue, 04 Jun 2019 07:10:15 +0000

These questions have confronted developed economies in varying degrees for decades without resolution by governments of the right or left. It is the failure of economics, the author argues. Economists have long asserted that three factors of production, land, labour and capital, lie at the root of their subject. Yet in the development of the subject into theories and practical applications there…

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Understanding Land-value Taxation

SDkd9274hsDkue9 — Sat, 22 Dec 2018 07:17:26 +0000

Over the last year or so there have been a number of articles broaching the subject of land-value taxation in the national press. The Economist (9th August) even suggested ‘The time may be right for land-value taxes’, but there is also much misunderstanding about that a land-value tax (LVT) is. In the first place it is not a tax. A tax was defined by Hugh Dalton, later Chancellor of the…

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The End of Taxation

SDkd9274hsDkue9 — Thu, 26 Jul 2018 07:23:47 +0000

By Dr Peter Bowman The market mechanism provides the most efficient way of allocating the resources of an economy. Yet public services, which can count for around half of economic activity, are charged for indirectly through taxes which have no direct connection to what the payer receives in return. These taxes have many adverse effects on the economy, depressing growth…

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Overcoming Poverty

SDkd9274hsDkue9 — Fri, 01 Jun 2018 07:35:50 +0000

In Progress and Poverty Henry George sought the ‘cause of industrial depressions and the increase of want with the increase of wealth’ and offered a ‘remedy’ which remains as relevant to the problems of poverty and inequality we face today, as when he first wrote, but it also opens a new way of dealing with environmental pollution. To understand the relevance of the ‘remedy’ we need to…

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A History of Land Value Taxation in Pittsburgh

SDkd9274hsDkue9 — Sun, 01 Apr 2018 07:44:34 +0000

This essay on Pittsburgh by Ian Hopton follows the theme of an earlier essay on New Zealand enquiring into the reasons why clearly successful systems of Land Value Taxation were nevertheless abandoned. The Graded Tax of Pittsburgh lasted from 1914 to 2001, and there is considerable evidence of its success, especially in the first decades of its existence. The tax was a form of the ‘split rate’…

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Tony Blair initiative to solve housing crisis

SDkd9274hsDkue9 — Tue, 12 Dec 2017 08:36:29 +0000

The Observer (3rd Dec) revealed a new initiative to tackle the housing crisis from the Tony Blair Institute for Global Change. Blair is proposing that council tax and business rates, which are currently based on the value of the site and any building or improvement on it, be replaced by a tax which relates solely to the value of the land under the buildings, arguing that it is a “fairer and more…

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