Neoclassical economics lends itself to ‘academese’ more than any other discipline. Amidst its sophisticated jargon and often mindless economic modelling, the study has grown to hide fundamental considerations; not the least the reciprocal relationship between general prosperity and rising land prices.

It has acted to bury human rights such as access to cheap accommodation and the abolition of servility and poverty. However, these are normative measures and, of course, “Economics must not be values-based”.

So much for taxing land values (carrying no deadweight losses) instead of wages, profits and goods and services (which inject extensive deadweight losses)!

Thusly, has neoclassical economics come to accommodate the 0.1% and its fellow-travelling financial speculators at great cost to all others.

“Values-laden!”

Accordingly, we daily witness the study’s misbegotten results as world economies head relentlessly into the financial depression of 2026.

Believe it or not, I’m a fundamentally positive and happy person. It’s just that I’m able to see things the way they are.