Boom Bust: Countdown to the Depression of 2010

Boom Bust: Countdown to the Depression of 2010

by Fred Harrison
     
 

Not employment or inflation as argued during the Great Depression and years of Reaganomics, the mechanism that drives the business cycle is proven to be the housing and property market in this analysis of the instability of financial markets. The consequences of how neoclassical economics ignores the importance of land are presented in a discussion of the dot-com

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Overview

Not employment or inflation as argued during the Great Depression and years of Reaganomics, the mechanism that drives the business cycle is proven to be the housing and property market in this analysis of the instability of financial markets. The consequences of how neoclassical economics ignores the importance of land are presented in a discussion of the dot-com crash. Agricultural, industrial, and commercial property and the housing market are examined to suggest that policymakers must revise their treatment of land in economic decisions to avoid the next economic crash, predicted for 2010.

Editorial Reviews

American Journal of Economics and Sociology
Harrison's book is a formidable challenge to the apologists of the status quo.
Financial Times
"[Harrison] does make a case for the existence of an 18-year business cycle, which he links to speculation in the property market."
Sunday Telegraph
"For anyone seeking to understand the vagaries of the housing market, this is a fascinating read."
The Independent
Harrison never wavered from his prediction that the housing boom would end in a spell of mania in 2007, followed by bust in 2008.

Product Details

ISBN-13:
9780856831898
Publisher:
Shepheard-Walwyn Publishers, Limited
Publication date:
04/28/2005
Pages:
208
Product dimensions:
6.50(w) x 9.50(h) x 1.20(d)

Meet the Author

Fred Harrison is the research director of the Land Research Trust. He is a former consultant to the Russian parliament on land and tax policies. He is a former chief reporter for the Sunday People and the author of The Corruption of Economics, Land and Taxation, and The Power in the Land.

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