Modern economic history can be roughly split into different eras in which certain sets of ideas dominate politics and policy-making. This paper seeks to understand if a shift in the 'political economic paradigm' is currently under way by inspecting the state of debates across a range of economic...

This paper develops a new theory of seigniorage suited to modern economies where the majority of money is created not by the state or central bank but by commercial banks and other monetary financial institutions via their lending activity. We identify four different forms of seigniorage that...

Front Cover -- Title Page -- Copyright -- Contents -- Figures, Tables and Boxes -- Acknowledgements -- Abbreviations -- Glossary -- Foreword by John Muellbauer -- 1: Introduction -- 1.1: What Is Land? -- 1.2: What Is the Value of Land? -- 1.3: Landownership and Economic Rent -- 1.4: Summary of...