Georgist Macro-Economics and the Land Value Tax

Oct 15, 2016 No Comments by
Brian Davey argues in Credo that the ideas of Henry George are still very relevant for economic theory. A site value tax would help to stabilise property market cycles and promote greater spatial efficiency. However, while helpful, market mechanisms like a site value tax will not, on its own, fully resolve the environmental crisis.
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The Oracle of Oil: Review

Oct 06, 2016 1 Comment by
M King Hubbert, known as 'the father of peak oil,' was one of the first to question unlimited economic growth. "In his life and career you find the seeds of major environmental, socioeconomic and political challenges which we are still confronted with today, and which still need solving," writes Jacqueline Mathewes in this review of Mason Inman's biography.
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Towards Climate Safety and Justice briefing report

Sep 29, 2016 Comments Off on Towards Climate Safety and Justice briefing report by
This report summarises the outcomes from a two-day event on June 8 and 9 2016 that was organised by Feasta, Cultivate and Trócaire. It provided a briefing on CapGlobalCarbon - a campaign organised by members of Feasta's climate group - set it in the context of the commons, divestment and social justice, and generated ideas about how to implement it as part of a broader citizens' movement for a fair and sustainable transition from fossil fuels.
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Marginal productivity theory

Sep 21, 2016 Comments Off on Marginal productivity theory by
This chapter of Credo, by Brian Davey, describes the “marginal revolution” of neoclassical economics. The idea of marginal productivity and payments to “factors of production” was developed for ideological reasons to counter thinkers like Marx and George. The theoretical framework learned by generations of students is contradicted by the evidence. The ideas of capital and land in neoclassical economics are incoherent.
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Who are the parasites? The radical implications of classical economics

Sep 06, 2016 Comments Off on Who are the parasites? The radical implications of classical economics by
In this chapter of Credo, Brian Davey discusses the differences between classical and neoclassical economics, and the implications for taxation and the distribution of power. Those following the current controversy over taxation in Ireland should find his argument interesting.
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Ecocide for climate safety: Setting up a system to Keep It In The Ground

Aug 30, 2016 Comments Off on Ecocide for climate safety: Setting up a system to Keep It In The Ground by
Erik-Jan Van Oosten discusses the relationship between CapGlobalCarbon and ecocide law: "A global law against ecocide and a global cap on fossil carbon extraction seem to me the two key, mutually reinforcing, conditions for a sustainable society."
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Fantasies of “Socialism with an iPad”?: Inventing the Future by Nick Srnicek and Alex Williams: Review

Aug 14, 2016 Comments Off on Fantasies of “Socialism with an iPad”?: Inventing the Future by Nick Srnicek and Alex Williams: Review by
"Sometimes you read a book that helps to crystalize your thinking, not because you agree with it, but because you don't" writes Brian Davey, who goes on to challenge the authors' assumptions about the availability of renewable energy and the nature and potential of localism.
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The centrality of externalities to economic thinking

Jul 31, 2016 Comments Off on The centrality of externalities to economic thinking
Brian Davey argues in Credo that what economists call “externalities” are not unusual or a special case, they are ubiquitous. They are rooted in private property and the relationships of market society. The way in which non market societies protect bio-diversity through totem arrangements is described.
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The “regulation” of unconventional gas

Jul 22, 2016 Comments Off on The “regulation” of unconventional gas
This presentation by Brian Davey, made in July 2016 on behalf of Frack Free Notts, outlines the problems with the regulatory structure for unconventional gasfield development in the UK. It discusses the problem of “regulatory capture” by the industry, deceptive PR, the selective recognition of ‘experts’ and siloing of different aspects of safety (such as the environment and health).
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Designing an Intentional Currency

Jul 13, 2016 Comments Off on Designing an Intentional Currency
An epistle from an imaginary adviser to an imaginary startup currency. Time to get off the proverbial fence. With a health warning. By Graham Barnes.
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Economics in Darwinist mode – the competitive struggle for existence

Jun 30, 2016 Comments Off on Economics in Darwinist mode – the competitive struggle for existence
Improved competitiveness is a major goal of virtually every nation and trading bloc in the world. Both sides in the Brexit debate claimed that Britain would become more competitive if they prevailed. But where does this glorification of competition come from? Does it reflect fundamentals of human nature, or does it stem from a quasi-religious dogma that goes largely unquestioned? Brian Davey explores the roots of the obsession with competitiveness, and its knock-on effects, in a chapter of his book Credo.
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Jim Ratcliffe, Ineos and the empire of trash

Jun 11, 2016 3 Comments
Brian Davey explores the decision of Ineos, one of the world's largest chemical companies, to promote fracking. The Ineos majority shareholder, Jim Ratcliffe, claims fracking could regenerate northern Britain despite evidence that the strategy is "a mirage that would lead to a mountain of debt and a mountain of garbage".
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Tackling climate, poverty and inequality together: managing the share in CapGlobalCarbon on a global level

Jun 05, 2016 Comments Off on Tackling climate, poverty and inequality together: managing the share in CapGlobalCarbon on a global level
Caroline Whyte draws on development theory, recent technological developments and research on inequality to argue that the share in CapGlobalCarbon could and should be distributed to individuals globally. The impact on poverty and inequality worldwide could be massive.
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