Economics with Justice

Economics as though people really matter

This approach to economics has justice at its heart and offers new perspectives on economic thought and practice. The Economics Group in the School seeks to understand the elementary principles underlying the economic activity of the individual, the State and the world at large.

The Economics Group has three main aspects to its work:

  • Presenting courses and lectures of current interest
  • Research, including submissions to Government commissions
  • Working with other groups with similar economic and social interests
Practical Economics

Courses & Lectures

Course

This 10 week course shows how Truth and Justice in economics offer the best prospect for eliminating the current chaos and generating prosperity for all.

This is a practical course, based on simple yet effective principles, and requires no previous study of economics.

The course takes a radical look at such topics as:

  • Session 1 - Humanity meets the Universe
    This session looks at the current situation, how human beings interact with the natural environment and the need to establish justice in the field of economics.
  • Session 2 - Capital and the Production of Wealth
    Wealth production is presented as a cycle of transformation of naturally occurring material. This session then goes on to explain capital, civil society and the essential nature of the present day capitalist economy.
  • Session 3 - The Market and the Importance of Location
    The nature of free exchange, essential to the functioning of markets, is examined and the importance of location in economics is explored.
  • Session 4 - Credit and Banking
    Without credit economic activity would be held at the most rudimentary level. This session shows how genuine credit works using micro-credit in Bangladesh as an illustration. It then considers the importance of civil society as the context in wgich economic activity takes place.
  • Session 5 - The Magic of Money
    This session explores money, what it is, how it is created and how it works in a modern economy. It goes on to explore the theory of the firm in relation to economic justice.
  • Session 6 - Distribution of Wealth
    This session explores how the economic rent of land is the effect of a community working together and where it goes. It then goes on to consider the modern banking system and the role of interest.
  • Session 7 - Taxation
    National governments need revenues to be able to govern but the means by which revenues are raised can have significant economic effects. This session explores the effects of the present tax system on the health of the economy.
  • Session 8 - Justice and Public Revenue
    The principles of just taxation are examined and different effective solutions from around the world are looked at.
  • Session 9 - International Trade
    This session firstly addresses the arguments for and against free trade and then moves on to show how cycles of boom and bust are the inevitable outcome of today's economic arrangements.
  • Session 10 - Economics with Justice
    This final session looks at the possibilities that the application of just economic principles offers for the future of humanity.

Note: This is a summary of the topics covered on the course. The School reserves the right to vary or modify this course from term to term.

See Course Details at the top of the page for information on course times and how to apply.


Lectures

The most recent public lecture sponsored by the Economics Group, this time in conjunction with the Land Resource Research Group, filled the Samuel Beckett Theatre, Trinity College, Dublin, in April 2009. Many of the two hundred attending participated in the lively debate and open discussion between the guest speaker, Fred Harrison, the panel of well know speakers in the property and land taxation debate, and the general audience.

Full details available at http://www.lrrg.org/

Read about Research & Submissions

Research & Submissions

The Economics Group’s current research project is in the area of taxation, in particular, the use of land value taxation as a key component for economic prosperity. The Group has submitted three papers to Government commissions on this subject. These may be read or downloaded here:


Recommended Reading

Available from larger booksellers, the internet or the School's bookshop

Nature of Society

Leon MacLaren, The School of Economic Science

The author was the founder of the School of Economic Science. This book was written to explain the principles of economics upon which the teaching in the School is based and remains the most comprehensive and approachable account of them. Guided by a sense of truth and justice, the reader is led to the simplicity of the laws governing the relations in human society and to a vision of a world in which understanding of natural laws can lead to peace, prosperity and freedom for all.

A New Model of the Economy

Brian Hodgkinson, 2008

Presenting a radical revision of modern economic theory, this analysis adjusts the entire range of economic thought in relation to the fundamental part played by land, the significance of credit—especially in the banking system—and the crucial impact of the taxation method. The resulting system based upon natural law, economic

"A very important book... [It] is much more relevant to the present state of the real-world economies than the models offered by most economics textbooks."
James Robertson Newsletter

Boom Bust:
House Prices, Banking and the Depression of 2010

Fred Harrison, 2007

"For anyone seeking to understand the vagaries of the housing market, this is a fascinating read."
Sunday Telegraph

"There are some fascinating insights into cycles, property and rents."
John Calverley, Chief Economist, American Express Bank

"The essence of its argument is that the majority of current property prices reflect land value rather than building costs."
Professional Investor

"Harrison's book is a formidable challenge to the apologists of the status quo."
American Journal of Economics and Sociology

» Buy "Boom Bust" on Amazon.co.uk

Progress and Poverty

Henry George, 1880

The book is a treatise on the cyclical nature of an industrial economy and its remedies. When first published it became a worldwide best-seller almost at once. Reviewers hailed it as one of the most remarkable books of the century. Newspapers ran portions of it as a serial. Foreign editions were published in more than a dozen languages. Within a few years more than two million copies of the book had been sold, and many more than that number of people were familiar with its ideas. Henry George's popularity was such that, when the Labor Party drafted to run for mayor of New York City, he finished second in a three-way race, outpolling Theodore Roosevelt but losing to the Tammany candidate.

When George died a decade later in the heat of another New York mayoralty campaign, more than a hundred thousand people passed his bier to pay respect, and the funeral procession through the city streets was compared to Lincoln's.

Yet such are the vagaries of intellectual fame that Henry George today is little more than a footnote in the history and economics texts.

Read about how we work together with other groups

Working Together

The economics Group continues to work with other organizations interested in promoting the efficacy of an equitable taxation system based on reducing the levels of taxation on labour and enterprise and basing it more effectively on the use of natural resources. Links to some of these groups are:

Read about the Overview

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Course Details

Duration

10 weeks

Next Course

Monday evenings commencing 2nd Oct 2017
7.30pm to 9:30pm

Location

Dublin: 49 Northumberland Road, Ballsbridge, Dublin 4

Requirements

An enquiring mind, no previous knowledge of the topic is assumed.

Fee

€80 (€40 for current philosophy students).

Enrolment

Advance booking not required. Enrolment takes place fifteen minutes before the lecture on the first day of your attendance. Fee payable at first class.