"You can become wealthy by creating wealth or by appropriating the wealth created by other people. When the appropriation of the wealth is illegal it is called theft or fraud. When it is legal economists call it rent-seeking"
John Kay, Financial Times 27th Dec 2009
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
The majority of the author’s professional life has been spent in banking and the computer industry. He had senior roles in the design of new technologies for banks by multinational companies and in the application of these technologies by banks. He discovered the economic teaching of Leon MacLaren in the late 1970s and has run public courses teaching these ideas for many years .
ISBN 9780856832918 | Price: £14.95
It was a pleasant surprise to find the first title in our Ethical Economics list being praised in a newspaper article in Malaysia over thirty years after its publication. The article in the Malaysian Daily Express was reporting on a presentation in Kota Kinabalu by an estate agent on investing in Australian property. The speaker told his audience “I wish I had known about the book entitled, The Power in the Land by Fred Harrison 10 years ago”. He went on to relate that in the book Harrison had explained the workings of a remarkably regular 18-year property cycle. Knowing the timing of the cycle could make all the difference between successful or disastrous property investment.
Based on his understanding of the property cycle, Fred Harrison accurately predicted In The Power in the Land, published in 1983, the timing of the 1990s crash from which Japan has still not fully recovered.
Armed with this knowledge, Harrison warned the incoming Labour government under Tony Blair in 1997 of the danger of a property crash in 2007/08. No notice was taken of this and Gordon Brown boasted at every budget, even in April 2007, that “we will never return to the old boom and bust”.
In Boom Bust: House Prices, Banking and the Depression of 2010, published in April 2005, Harrison again warned of a looming crash unless a tax reform were introduced. No action was taken and the inevitable followed and we are still suffering the consequences.
A third book in our list, The Secret Life of Real Estate and Banking, looks at the link between banking crises and property cycles in America over the last 200 years.
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The Church Times in London have made a selection of the 100 Best Christian Books. The editor writes: ‘Human progress involves assimilating the wisdom of past generations, and building on it.’
One of Shepheard-Walwyn’s titles, Christianity and Social Order, has been ranked 35th. This classic, published as a Penguin Special in 1942 and republished by Shepheard-Walwyn in 1978 with a Foreword by Edward Heath, Prime Minister of the United Kingdom 1970-1974, gives lucid and forceful expression to the views of the Archbishop of Canterbury, known as the ‘People’s Archbishop’ for the radical but constructive way he challenged the established orders. Discussing how to achieve a proper balance between the profit motive and service to the community, and between the power of the state and of the individual, he wrote: ‘The art of government in fact is the art of so ordering life that self-interest prompts what justice demands’.
‘It brings home to everyone of us the continuing importance of being able to rely on a body of principle by which our plans and our actions can be both motivated and judged. ‘
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