Lesson 10: Political Economy Today
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1. Did political economy (or economics) achieve a body of accepted truth during the 20th century? In what respects does the discipline still lack coherence?   (Corruption of Economics) 

2. a) List some of the effective political successes of the Single Tax movement that were ignored by historians.   (Corruption of Economics) 

    b) According to Gaffney, what historical factors made the Single Tax movement lose its momentum?   (Corruption of Economics) 

3. Why do Neo-classical economists teach that equity and efficiency are opposed to each other? How does Henry George's political economy reconcile them?   (Corruption of Economics) 

4. Describe a difficult public-policy problem and how Georgist public revenue policy would help to solve it.

5. What is it about the methodology of neoclassical economics that complicates the question of externalities?   (What George "Left Out") 

6. How is land value an example of an externality?   (What George "Left Out") 

7. How can Georgist political economy help to simplify questions of environmental policy?   (What George "Left Out") 

8. Why was it not necessary to discuss the business cycle in The Science of Political Economy?   (What George "Left Out") 

9. At the "full employment point", why are a significant number of people still involuntarily unemployed?   (The Boom/Bust Cycle) 

10. a) What form of supply shock is, under current policies, a structural part of a growing economy?   (The Boom/Bust Cycle) 

    b) What are the two ways in which land speculation retards the economy?   (The Boom/Bust Cycle) 

In a brief essay, answer this question: How would society be affected by a more widespread understanding of fundamental economic principles?