Condemning the post-industrial economy to protracted periods of economic failure, this thought-provoking book documents how the integrity of economics as a discipline was deliberately compromised in the United States towards the end of the 19th century. Several chairs of economics were funded at leading universities to rebrand economics to justify unearned income. The tools for this strategy became neo-classical economics, and, unlike classical economists like Adam Smith who described wealth as the product of three factors—land, labor, and capital—the new theorists reduced these to two: labor and capital, thus treating land as capital. This.
The Corruption of Economics (Georgist Paradigm series) book
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