The Corruption of Economics: Neoclassical Economics as a Strategem against Henry George

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Author(s): Mason Gaffney
Year: 0

Language: English
Pages: 120
Tags: Economics, Debunking

Table of Contents
Introduction: The Power of Neo-classical Economics 4
I. The Imperative to Put Down Henry George 6
I-A. The crabbed spirit of neo-classical economics 6
I-B. Popular responsiveness to problem-solvers 6
I-C. Henry George as reconciler and problem-solver 11
II. The Empire Strikes Back with Neo-classical Economics 14
II-A. Personal Involvement of George with Early Neo-classicals 15
John B. Clark 15
Seligman, Wicksteed, Marshall & Walker 23
Edwin R.A. Seligman 23
Philip Wicksteed 25
Alfred Marshall 26
Francis A. Walker 27
II-B. Other Economic Writers Criticizing Henry George 30
Charles Spahr 30
Alvin S. Johnson 31
Frank A. Fetter 34
Richard T. Ely 37
Ely continued 44
Edgeworth & Pareto 51
Francis Y. Edgeworth 51
Vilfredo Pareto 54
Knight, King & Plehn 58
Frank H. Knight 58
Willford I. King 61
Carl C. Plehn 61
The Bitter Harvest 64
A. Worsening condition of labour 64
B. Worsening returns to capital 65
C. The concentration of wealth and income is high and rising 66
D. Social problems we thought were cured are returning to haunt us. 67
E. The national stature is dropping fast 68
References 70
Bibliography 74
Henry George, Dr. Edward McGlynn, and Pope Leo XIII 91
1. Turbulent times 91
2. Heritage of those times 92
3. Neglect of Catholic economics in Gaffney and Harrison (1994), Corruption of Economics 92
4. Wide and sustained influence of Rerum Novarum 93
5. Leo's outlook 94
6. Evidence of anti-Georgist intent 95
7. The silent treatment 99
8. Excursions and alarums 102
9. Conclusion 102
Bibliography 104
Interview: Is There a Conspiracy in the Teaching of Economics and History within the American Education System? 107
Alfred Russel Wallace's Campaign to Nationalize Land: How Darwin's Peer Learned from John Stuart Mill and became Henry George's ally 116
References 120