Georgist Macro-Economics and the Land Value Tax

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.

The Oracle of Oil: Review

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.

Towards Climate Safety and Justice briefing report

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.

Marginal productivity theory

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.