Background
Gaffney, M. Mason was born on October 18, 1923 in White Plains, New York, United States. Son of Matthew Page and Laura Clarke Gaffney.
( Condemning the post-industrial economy to protracted pe...)
Condemning the post-industrial economy to protracted periods of economic failure, this thought-provoking book documents how the integrity of economics as a discipline was deliberately compromised in the United States towards the end of the 19th century. Several chairs of economics were funded at leading universities to rebrand economics to justify unearned income. The tools for this strategy became neo-classical economics, and, unlike classical economists like Adam Smith who described wealth as the product of three factors—land, labor, and capital—the new theorists reduced these to two: labor and capital, thus treating land as capital. This concealed the benefits enjoyed by those in receipt of the rent from land. The effect, the authors reveal, was to deprive professional economists of the ability to diagnose problems, forecast important trends, and prescribe solutions.
http://www.amazon.com/gp/product/0856832448/?tag=2022091-20
Gaffney, M. Mason was born on October 18, 1923 in White Plains, New York, United States. Son of Matthew Page and Laura Clarke Gaffney.
Doctor of Philosophy, University California, Berkeley, 1952.
Lieutenant United States Army Air Force, 1944-1946, New Guinea.
( Condemning the post-industrial economy to protracted pe...)
(Mason Gaffney has devoted his career to demonstrating the...)
Founder, director British Columbia Institute Economic Policy Analysis, Victoria, Canada, 1973—1976. Fellow: Common Ground (editorialist 2002).
Married Ruth Letitia Atwood, September 22, 1973. Children: Bradford Clarke, Stuart Morgan, Ann Reed Gaffney Shores, Laura Atwood, Patricia Mason, Matthew Rollin. Married Estelle Pau An Lau, March 8, 1952 (divorced).