Fred Harrison is Executive Director of the
Land Research Trust in London. During 1990s he was advisor
to a number of Russian academic and political bodies, including
the Russian parliament, in their efforts to implement a
more equitable transition to a market economy. He has now
turned his attention to the failure of economic analysis
and public policies in the market economies. His latest
books include Boom
Bust and Wheels of Fortune. In addition
to these on-line articles, some works by Fred Harrison
are available for purchase from our Bookstore.
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Bubble, Toil & Trouble
The role of house prices in the economy is still contested
by policy-makers. No such disagreement exists among home-owners,
however.
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Wheels
of Fortune
If the United States had followed the example set by one of
its mayors a century ago, it might not now be saddled with
a $1.6 trillion challenge.
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The
Land Monopoly Game
FRIEDRICH HAYEK (1899-1992) was a Nobel
prize-winner who represented the Austrian school of free market
economics. He achieved world fame as the author of The Road
to Serfdom (1944), a critique of the command economy, which
he followed with the monumental The Constitution of Liberty
(1960). At the Press conference to launch his Law, Legislation
and Liberty (1979) I had the opportunity to question Hayek
(pictured below) about the concept of land monopoly and the
implications for freedom.
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