After the Crash: Designing a Depression-free Economy / Edition 1

by Mason Gaffney

Overview

This book analyzes in a new way the causes of the current crash by showing how such events derive from real estate bubbles and their interactions with banks and other lenders.

• Analyzes the current crisis of the real estate crash and explains the recurring cycle which led to it
• Examines why frequent assessments are crucial to making the property tax an effective method of preventing speculative real estate bubbles
• Combines theoretical analysis with observed cycles of land speculation to demonstrate the impact on the modern economy

Product Details

ISBN-13:	9781444333077
Publisher:	Wiley
Publication date:	11/16/2009
Series:	AJES - Studies in Economic Reform and Social Justice , #15
Pages:	200
Product dimensions:	5.90(w) x 8.90(h) x 0.40(d)

About the Author

Mason Gaffney has been a professor of economics at the University of California, Riverside for the past 33 years. He is the author of The Corruption of Economics, an explanation of how land became excluded from neoclassical economic models. He has also written extensively on various aspects of resource economics, urban economics, tax policy, and capital theory.

Table of Contents

Frontispiece Portrait of Mason Gaffney.

Editor's Introduction (Clifford W. Cobb).

1. The Role of Land Markets in Economic Crises (Mason Gaffney).

2. A New Framework for Macroeconomics: Achieving Full Employment by Increasing Capital Turnover (Mason Gaffney).

3. Money, Credit, and Crisis (Mason Gaffney).

Index.

Editorial Reviews

"Gaffney has been publishing vital contributions to economics since his PhD dissertation in 1956." (Sun Life Financial, November 2009)

From the Publisher