Send a Tweet
Most Popular Choices
Share on Facebook 2 Share on Twitter Printer Friendly Page More Sharing
Life Arts    H3'ed 5/19/11

An Award for Calling the Crash

By       (Page 1 of 1 pages)     (# of views)   No comments
Author 54730
Message Mason Gaffney
Become a Fan
  (9 fans)
Mason gaffney
Mason gaffney
(Image by Mason Gaffney)
  Details   DMCA

Abstract

In 2010 there was a contest to discover and recognize the economists who foresaw and warned of the crash that came in 2008. Fred Foldvary foretold the crash exceptionally early and exceptionally precisely, writing in a refereed journal article in 1997: "the next major bust, 18 years after the 1990 downturn, will be around 2008, if there is no major interruption such as a global war." Although Foldvary was nominated for the prize by some thirteen separate individuals, his name was excluded by the prize organizers. Instead the prize went to two of the "family" members of the prize organization, and one other person. I compare the predictions by the prize-winning "family" members to the prediction by Foldvary. The ideas represented by Foldvary's research deserve attention.

Read the complete article here by clicking on the Full Article PDF icon.

 

Well Said 1   Supported 1   Valuable 1  
Rate It | View Ratings

Mason Gaffney Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Mason Gaffney first read Henry George when a high school junior , and became notorious among his classmates for preaching LVT to them . H e served in the S.W. Pacific during W.W. II, where he observed the results of land monopoly in The (more...)
 
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Land as a Distinctive Factor of Production

Land Booms, Capital Stretch-Out, And Banking Collapse

What's The Matter With Michigan? The Rise And Collapse Of An Economic Wonder.

A Georgist Perspective on Thomas Piketty's book: "Capital in the 21st Century."

Sales-tax bias against turnover and jobs

Europe's Fatal Affair with VAT