|Such dismal dilemmas economists pose for us these days. We’re told that to attract business we must lower taxes, shut the libraries and starve the schools; to prevent inflation we must have millions of people unemployed; to make jobs we must chew up land and pollute the world; to motivate workers we must have unequal wealth; to raise productivity we must fire people. Economist Mason Gaffney has worked, throughout his long and distinguished career, to debunk the dismal tradeoffs of "conventional wisdom." In these 21 wide-ranging essays, Prof. Gaffney shows how we can find “win-win-win” solutions to many of society’s seemingly “unsolvable” problems.
“One of the most important but underappreciated ideas in economics is the Henry George principle of taxing the economic rent of land, and more generally, natural resources. This wonderful set of essays, written over a long and productive scholarly career, should be compulsory reading. An inveterate optimist, Mason Gaffney makes an excellent case that, by applying the Henry George principle, we can reduce inequality, and raise ample public revenues to be directed at any one of a multitude of society’s ills. Gaffney also offers plausible solutions to problems of urban renewal and finance, environmental protection, the cycle of boom and bust, and conflict generated by rent-seeking multinational corporations.”
— Joseph Stiglitz