Re: Economic Rent As Sum of Externalities

On Tue, 29 May 2007 11:25:08 -0700, James A. Bowery wrote:

On May 29, 10:14 am, "Mark M." <m...@xxxxxxxxx> wrote:
James A. Bowery wrote:
Achieving consilience with the larger body of economic theory may be
necessary for a shift of the tax base to economic rent which any
honest economist would see as a step in the right direction.

It is difficult to discuss economic rent within the language of neoclassical
economics because NCE was intentionally designed to avoid the question of economic
rent. Terms, formula, definitions were all invented or distorted to make rent
disappear as unearned increment. See The Corruption of Economics, by Mason Gaffney

I don't disagree. Here's the problem though: Economic rent is so
fundamental that any attempt to suppress its reification within
economics must substitute other concepts from which it may be
reconstructed -- otherwise the body of theory is left so bereft of
utility as to be nonviable even with substantial subsidy from the
beneficiaries of the distortion.

In "externalities" I believe we have such a concept.

Maybe so. But I'd still like to understand the interest thang.
It is one thing to drag the neoconomists along, kicking and screaming. It
is another thing to get the media involved in such a way as to educate Joe
Sixpack. Ultimately, you must educate the masses or nothing happens.

--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org

.

Relevant Pages

  • Re: Economic Rent As Sum of Externalities
    ... necessary for a shift of the tax base to economic rent which any ... It is difficult to discuss economic rent within the language of neoclassical ... See The Corruption of Economics, ... beneficiaries of the distortion. ...
    (sci.econ)
  • Re: OT: The voice of the Christian Right
    ... I am not going to take the time to educate you in full because I ... Oil prices are around 40 pct higher than a year ago. ... I have to wonder if your understanding of economics could be ...
    (rec.gambling.poker)
  • Re: A hard soft landing
    ... I would explain economics and investments to you. ... here have already tried to educate you. ... Guess your howmtown noospaper printed on used toylet paper din have ...
    (rec.martial-arts)
  • Re. Understanding China
    ... but there seems to be an unwritten law of ... Economics works largely by physical constraints on the real world, ... to working producers. ... impossible because resources to educate the next generation, ...
    (sci.econ)
  • Re: Intergraph,HomelandSecurity contractor diverted to HedgeFunds ,key patents out of the USAT
    ... offshore while they let in US ONLY a corporate headquarter and few sales ... It is called RIP & RUN economics (also knows as supply side economics or ... That will mean much smaller government because government ... discretion, the remedy is not to take it from ...
    (sci.econ)