The Power In The Land 2nd Edition by Fred Harrison 0856835420 9780856835421

The Power In The Land 2nd Edition Fred Harrison – Ebook PDF Instant Download/Delivery ISBN(s): 0856835420, 9780856835421

Product details:

• ISBN-10 ‏ : ‎ 0856835420
• ISBN-13 ‏ : ‎ 9780856835421
• Author: Fred Harrison

Fred Harrison’s thesis is that land speculation is the major cause of depressions. He shows how the land market functions as a junction box which regulates the power flowing between Labour and Capital, and how land speculation periodically throws the switches on the productive power of men and machines, causing economic stagnation. This theory was acknowledged by philosophers such as Adam Smith and Karl Marx, and social reformers ranging from Winston Churchill to Leo Tolstoy, but it has been forgotten by today’s economists and policy-makers. The hypothesis is tested against the historical facts and the recent booms and slumps, and is found to offer a powerful explanation for postwar trends in unemployment and the distribution of income.

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