“Such is our current frustration with so many aspects of our society, that it seems we are finally beginning to question the ideology of the free market… The ethical vacuum at the heart of capitalism, its inability to distinguish between what is right or wrong behaviour towards others, as long as it makes a profit, is no longer viewed with quite the same tolerance.”

Sue Gerhardt, Guardian.co.uk

About Ethical Economics:

Governments still rely on economists steeped in orthodox thinking for advice. If things are to change, a clearer understanding of how the economy works is needed, not just by economists and policy-makers, but also by the wider general public – a voter who votes in ignorance forges the chains that bind him. Economists have erected round their subject an intimidating barrier of jargon and maths, but this site and the books in our catalogue are intended to give the layman, the voter, a grasp of the basic principles.
Anthony Werner, Publisher

Our Latest Book:

Rent Unmasked

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.

ISBN 9780856835117 | Price: £19.95

For courses in ethical economics click here

Latest from the Blog:

07 Jan 2017 | Written by

Rent Unmasked – A book for the people?

Further Reading:

Rent Unmasked
by Fred Harrison (ed.)

Rent Unmasked has been chosen for the Winter 2016/17 heat of The People’s Book Prize for Non-Fiction. This competition is based purely on public votes – so we need your help. Successful books from the heats are entered into the final, which occurs annually.

Please vote here!

Rent Unmasked was published in 2016. It is a collection of essays in honour of Mason Gaffney edited by Fred Harrison. The authors are drawn from the legal and property professions and from universities around the world.

“The clear exposition of the merits of collecting land and natural resource rents whilst reducing or eliminating taxes on income earned by labour and capital is strongly recommended to all who wish to see economics recover its rightful place as the master social science.”
Brian Hodgkinson,  American Journal of Economics and Sociology

A number of readers have already voted for the book. Many thanks! As part of the voting process, readers can add an optional comment about their chosen book. Below are just a few of the wonderful comments which Rent Unmasked has received since voting opened.

“If only the wisdom contained in these essays and in Mason Gaffney’s own writings [would] find their way into the public dialogue over economic policy, the future would be much brighter than it is likely to be.”
“As world economies descend into a hopeless quagmire, the most obvious measure of the failure of modern economics is the extent to which we now allow publicly-generated land rent to be privately capitalised into ever higher land prices (and bubbles) at a clear cost to wages, earned profits and social health.”
“If you want to know how to cure the economic ills that produce vast inequalities, this is the book to buy. A thorough assessment of today’s economic system, written for the layman.”

If you have enjoyed Rent Unmasked and are a fan of Ethical Economics, Mason Gaffney, Fred Harrison or Land Value Taxation then please vote for the book in The People’s Book Prize before the end of February 2017. Thank you from all at Shepheard-Walwyn.

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16 Oct 2016 | Written by

BREXIT a gift to the peoples of Europe

Further Reading:


Beyond Brexit: The Blueprint
by Fred Harrison and Mason Gaffney

public revenue without taxation

Public Revenue Without Taxation
by Ronald Burgess


A New Model of the Economy
by Brian Hodgkinson

BREXIT was a gift to the peoples of Europe by those in Britain who voted to leave the European Union, argue the authors of Beyond Brexit: The Blueprint. As a consequence of the referendum decision, the EU is undertaking a review of the crises facing Europe. At their meeting in Rome in March 2017, to celebrate the 60th anniversary of the Treaty of Rome, governments from 27 countries – with the UK absent – will receive a plan from Brussels on how to address the problems which, in large measure, were due to fundamental flaws in the way the European project evolved.

But the proposals for reform will not include the restructuring of taxation. VAT alone is costing Europe at least €1 trillion a year in deadweight losses – the value of wealth and welfare that would be created if Europe’s governments raised their revenue from economic rent rather than from the regressive VAT, according to emeritus professor of economics Mason Gaffney in his contribution to Beyond Brexit. Co-author Fred Harrison estimates that the UK would be producing around £500bn more, if people were not burdened by what he calls the Treadmill Taxes on wages and profits.

Treating Brexit as the historic opportunity to redefine how the UK views itself, Harrison analyses how a switch in the fiscal system would emancipate people psychologically, spiritually and materially. And by shifting taxes off earned incomes, the home market would expand by more than what would be lost if the EU imposes tariffs on British exports. According to Harrison, that would shift the negotiating power in favour of the UK, leading to a settlement with the EU that would be to the mutual advantage of everyone in Europe.

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