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Rent Unmasked: Winner of The People’s Book Prize Best Achievement Award

Further Reading:

Rent Unmasked
by Fred Harrison

We are delighted to congratulate Fred Harrison on the receipt of his Best Achievement Award at The People’s Book Prize award ceremony in Stationers Hall. After June’s election result it is clear that many of the UK’s population are no longer supportive of the Conservatives’ austerity measures and are looking for a way to introduce equality and reduce poverty. This swing towards Jeremy Corbyn’s policies shows a thirst for a fairer society. This book outlines a way this might be achieved.

Fred received some glowing endorsements from the readers of his book:

“Absolutely timely, this book examines old problems through a fresh lens and offers policy solutions that would make a more equitable world possible.”

“A book that evaporates the illusions, foisted on us from birth by rent-seekers. We collectively produce plenty of wealth to fund the services we all need. Here is revealed how to find, claim and collect it. To cancel inequality!”

“The book discusses the cause of inequality, the unbelievably high cost of home ownership or apartment rentals – taking between a third and a half of poor people’s income, and the reason why national debts often exceed the GNP’s of many nations with no solution in sight as debts climb higher. It also offers solutions, something apparently beyond the capabilities of most contemporary politicians.”

Here is a video which shows the presentation of his prize, his acceptance speech and an interview, in which Fred offers some excellent insights into this solution.

Rent Unmasked is a series of lectures in honour of Mason Gaffney and can be purchased from the Shepheard-Walwyn website for £19.95.

Video copyright www.peoplesbookprize.com.

It’s taxation, stupid

After the divisions of the referendum, it is time to pull together to make a success of the people’s choice. The future is not without hope, but it does mean appreciating why so many ordinary working people voted Leave and showing that in a United Kingdom there is a way forward where conditions can be improved for everybody.

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Review of A New Model of the Economy, Brian Hodgkinson

Much of mainstream economic thought is sadly an insult not only to logic and scientific thinking but also to humanity overall due to its utter disregard of treating land—nature—as a separate “factor of production”; instead, the so-called “neoclassical” economic school treats land as a capital good to be exploited for private gain, no different from objects like cars or computers. Most economic models based on this lack of distinction incur flaws that lead to incorrect economic forecasts and faulty economic applications in addressing social issues such as wealth inequality or ecocide.

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The Agenda for Progressive Policy: Social Offsetting can make Capitalism more socially responsible

Businesses bring together land, capital and labour to generate profits, so building wealth. Currently after retention for investment and cashflow, this profit is generally allocated to shareholders, but not all the stakeholders. The wealth that we have jointly created could be shared more equitably through encouraging greater corporate responsibility. This can be achieved by changing the way public revenue is raised from business, so that the wealth created can benefit all, not just the few.

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The Agenda for Progressive Prosperity: Making Wealth Fair

There is plenty of rhetoric about the wealthy paying their fair share of taxes, but there is very little about what is fair and the details of how we could make this happen. The way to be fair is to shift the tax base away from income and more to wealth. I outline here one approach as to how such reforms could be implemented.

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“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

“If a free society cannot help the many who are poor, they cannot save the few who are rich.”

John F Kennedy, Inaugural Speech, Jan 1961

“If science is defined by its ability to forecast the future, the failure of much of the economics profession to see the crisis coming should be a cause for great concern”

Joseph Stiglitz

“Today we live in a world that is divided. A world in which we have made great progress and advances in science and technology. But it is also a world where millions of children die because they have no access to medicines… It is a world of great promise and hope. It is also a world of despair, disease and hunger”

Nelson Mandela

LATEST BOOK

Rent Unmasked

Rent UnmaskedRent 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