Economic Theory – Ethical Economics Books and Research

Realonomics

SDkd9274hsDkue9 — Tue, 30 Sep 2025 03:14:17 +0000

In Neoclassical Economics – the only theory of economics that students are taught at university – there is no economic cycle, no unemployment, no recession, every market for every product is at a stable equilibrium – permanently, money is a mere medium of exchange that does not affect the economy, and therefore banks are also considered irrelevant. In reality, the Great Financial Crisis of 2008-09…

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The Secret Life of Real Estate and Banking

SDkd9274hsDkue9 — Sat, 20 May 2023 11:01:02 +0000

Chosen for July 2009 PEOPLE’S BOOK PRIZE COLLECTION for Non-Fiction Real estate is sold as a much safer investment than the constantly fluctuating stock market. Share price volatility is compared unfavourably with the steadier and impressive gains made from real estate which is, we are told, ‘as safe as houses’. As millions of Americans – and countless others in the Western world – have…

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The Science of Economics

SDkd9274hsDkue9 — Sat, 20 May 2023 11:00:37 +0000

Leon MacLaren (1910-1994) was a barrister, politician, philosopher and the founder of the School of Philosophy and Economic Science. He considered the true goal of Economics to be the discovery of the conditions which allow every individual to find a fulfilling life. In his view, science was a study of laws that exist in nature, whilst economics was a study of the humanities…

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The Traumatised Society

SDkd9274hsDkue9 — Sat, 20 May 2023 11:00:37 +0000

Finalist in 2012-13 PEOPLE’S BOOK PRIZE for Non-Fiction The author was the first to forecast the events that ruptured the global economy in 2008 by applying an analysis that exposes the fault lines in the structure of the market economy. Having correctly forecast the timing of the global crisis, he now extends his analysis to the future of the West, to evaluate fears from distinguished…

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Rent Unmasked

SDkd9274hsDkue9 — Sat, 20 May 2023 11:00:37 +0000

Winner of the Best Achievement Award in the 2016-7 PEOPLE’S BOOK PRIZE COLLECTION 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…

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A New Model of the Economy

SDkd9274hsDkue9 — Sat, 20 May 2023 11:00:35 +0000

Economists today employ ‘flat-earth’ models, which are totally unrealistic. They ignore the huge influence of spatial location, which gives rise to economic, or Ricardian, rent. This has expanded proportionately to the continuous growth of most economies, and profoundly affects how they operate. A New Model of the Economy incorporates into both micro- and macroeconomic analysis this basic and…

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Boom Bust

SDkd9274hsDkue9 — Sat, 20 May 2023 11:00:35 +0000

In the two and a half years since the first edition appeared (April 2005), events have unfolded as predicted. Then the consensus among forecasters was that the boom in house prices would cool to an annual 2 or 3% rise over the following years. In fact, in keeping with the ‘winner’s curse’ phase of the cycle described by the author, prices rose by more than 10% per annum in Britain.

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How our Economy Really Works

SDkd9274hsDkue9 — Sat, 20 May 2023 11:00:35 +0000

Chosen for Winter 2019/20 People’s Book Prize Collection for Non-Fiction. These questions have confronted the UK economy 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…

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