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Palgrave Macmillan

Toxic Economic Theory, Fraudulent Accounting Standards, and the Bankruptcy of Economic Policy

  • Book
  • © 2013

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Authors:
  1. R. A. Rayman
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Table of contents (19 chapters)

  1. Front Matter

    Pages i-xvi
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  3. The Microeconomic “Market-Value” Fallacy

    1. Front Matter

      Pages 21-24
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    2. A Mediaeval System of Accounting

      • R. A. Rayman
      Pages 25-36

    3. Fair-Value Accounting and Balance-Sheet Myopia

      • R. A. Rayman
      Pages 37-46

    4. The Market-Value Delusion and the Credit Crunch

      • R. A. Rayman
      Pages 47-59

  4. The Macroeconomic “Single-Gear” Fallacy

    1. Front Matter

      Pages 61-64
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    2. The Topsy-Turvy Wonderland of Single-Gear Economics

      • R. A. Rayman
      Pages 65-75

    3. Traffique: The Praeheminent Studie of Princes

      • R. A. Rayman
      Pages 76-83

    4. Capitalism and Socialism: The Fatal Conceit

      • R. A. Rayman
      Pages 84-92

    5. A Genuine Free-Market Alternative

      • R. A. Rayman
      Pages 93-98

  5. The Tax that Got Passed by Mistake

    1. Front Matter

      Pages 99-101
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    2. Income Tax: A Two-Hundred-Year-Old Myth

      • R. A. Rayman
      Pages 103-107

    3. The Assessed Taxes

      • R. A. Rayman
      Pages 108-115

    4. Not So Much a Tax, More an Anti-Avoidance Provision

      • R. A. Rayman
      Pages 116-125

    5. The Growth of the Monster

      • R. A. Rayman
      Pages 126-135

  6. Reform of the Tax System

    1. Front Matter

      Pages 137-140
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    2. Economic Efficiency or Social Justice?

      • R. A. Rayman
      Pages 141-148
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Keywords

About this book

Exposes two fundamental theoretical errors responsible for the bankruptcy of modern economic policy. Toxic economic theory originates from its misconceived division into separate micro- and macro- compartments. It is responsible for fraudulent accounting standards, a dysfunctional system of taxation, and totally bankrupt macroeconomic policy.

About the author

Anthony Rayman is the author of articles on economics, accounting, and taxation in professional and academic journals and in the financial press. His books include Price Stability and Full Employment (London: Political and Economic Planning (PEP), 1975), Economics Through the Looking-Glass (London: Ashgate, 1998), and Accounting Standards: True or False? (Abingdon: Routledge, 2006).

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