The Law of Rent and the Economics of War and Peace

Posted on Nov 22, 2007 by AndrewL

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"Elaborating upon a series of Four Graphs, this paper first describes a simple economy whereby basic needs are secured via fair access to land and natural resources, then articulates the root injustice built into the neoclassical economics paradigm which leads to the private appropriation of the economic surplus by an elite few from which emerges the military-industrial-financial complex and an imperialistic U.S. foreign policy. The fourth graph depicts a new role for democratic governance ÀÜ the capture of ‚Äûrent‚Ä? for the benefit of the people as a whole via a type of public finance reform which simultaneously lifts taxes from those who actively contribute to the production of wealth. ‚ÄûPay for what you take (from the gifts of nature and desirable locations), not what you make‚Ä? succinctly describes the basis for what the author calls ‚Äûearth rights democracy.‚Ä? Several working examples of this policy are presented."

URL: http://www.epsusa.org/events/eea2007papers/hartzokintro.html

Tags: Pennsylvania/PAactionnetwork.org

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