Part 1 The unfree market: the fatal mistake; laissez faire - Adam Smith's version; monopoly and the veil of secrecy; the power loom puzzle. Part 2 A theory of recessions: speculation - a US hypothesis; 18-year cycles - the UK evidence; under siege - the Englishman's castle. Part 3 The United States economy: the Hoyt heist; recycling the speculators; policies for pillage. Part 4 The Japanese "Miracle": spirit of the samurai; the conquest and collapse. Part 5 The Socialist models: Marxist theory and soviet experiment; nationalization and the mixed economy. Part 6 Land value taxation: the single tax and laissez faire; academic strictures - a critique; equity and creative financing; Australia - a case study. Part 7 The poverty of politics: 1974-1978 - operation lifeboat; 1979 - the Reagan-Thatcher myth; 1980s - policies for recovery. Part 8 Capitalism: requiem or revival?
Fred Harrison is Research Director of Land Research Trust, London. After a career as a Fleet Street investigative journalist, he was advisor to a number of Russian academic and political bodies, including the Duma (parliament), in their efforts to implement a more equitable transition to a market economy. Recently he has turned his attention to the failure of economic analysis and public policies in the market economies.