Description
Book Synopsis: 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.
Details
Discover the untold story behind economic depressions with "The Power In The Land" book. Authored by Fred Harrison, this groundbreaking masterpiece reveals the hidden truth about how land speculation acts as a catalyst for economic stagnation. In this captivating read, Harrison explores the interplay between the land market, manpower, and capital, providing a profound perspective on the cause and effect of depressions that is rooted in the theories of renowned philosophers like Adam Smith and Karl Marx.
Unlock the key to understanding historical events and contemporary economic trends with "The Power In The Land." Harrison's compelling analysis not only sheds light on the mechanisms that regulate the flow of power between labor and capital, but also highlights the perilous repercussions of land speculation. By examining the historical context as well as recent booms and slumps, this book offers a powerful explanation for the persistent issues of unemployment and income inequality.
Don't miss this opportunity to delve into a forgotten chapter of economic theory that still holds immense relevance today. Gain a profound understanding of the forces that shape our world and equip yourself with knowledge that has been overlooked by modern economists and policy-makers. Order your copy of "The Power In The Land" now and embark on a journey that will forever change your perspective on economic depressions and their underlying causes.
Click here to explore "The Power In The Land" and become a part of this eye-opening discourse today.
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