Econamici blog

Survival of the Richest Turfholders, Not the Fittest Individuals

In any species, occupants of superior habitats enjoy extra food, or better shelter, or better mating opportunities. This reduces survival pressure,allowing many varieties to thrive despite apparently "unfit" features. Only recently have ecologists recognized the impact of inherited wealth in animal societies.
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Henry George: Prophet of the Gilded Age

In 1873, Mark Twain published his satirical novel, The Gilded Age, an era magnificently recreated in all its greed, ruthlessness and ostentation in the new HBO series of the same name. Railroads were the hot investment of the day, fueling a frenzy of land speculation. In September of that year,
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Taxing More from the Rich Is Difficult. This Is How to Do It.

In the March 1 UK Prospect, economist James Galbraith offers the Brits, and us, two proposals to repair a broken economy. The first, unsurprisingly, is a heavy tax on estates, with a high exemption. The second is a land tax. Yes! This was the preferred tax of the classical economists,
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Review of Thomas Frank’s “The People, No”

The pundits love to denounce populists. They are the ignorant people who rally to the standards of foreign far-right fascists. In the US, they are Donald Trump’s loyal “deplorables” or Bernie Sanders’s “Bernie Bros.” They're a major threat to democracy. In The People, No, Thomas Frank proposes that anti-populists are
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The Dissing of Henry George

Henry George (1839–1897) was a journalist, self-educated economist and philosopher, and eventually prominent politician. In 1879 he published Progress and Poverty, which soon became a worldwide bestseller. His followers played a major role in the early 20th Century Progressive movement. How could it happen that if he is remembered at
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Magic Mushrooms

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Why Georgists Corrected Predicted the Crisis, and Why Conventional Economists Couldn’t

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