Fred Harrison

This book is as relevant today as it was when it was published in 1983: we are faced with another global depression, which as it deepens, intensifies the pressure on governments and puts policy-makers in a dilemma. Every prescription has its negative: monetarism – unemployment; Keynesianism – inflation; and the planned economy – authoritarianism. This dilemma, the author argues, stems from a distortion in our understanding of how the industrial economy works, a distortion he traces back to Adam...