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Laurie Macfarlane

Laurie Macfarlane is Economics Editor at openDemocracy and an Associate Fellow at the Institute for Innovation and Public Purpose at University College London. Prior to this he was Senior Economist at the New Economics Foundation. He is the co-author of the critically acclaimed book Rethinking the Economics of Land and Housing. @L__Macfarlane

Why Wealth Is Determined More by Power Than Productivity

Analyzing power beyond the narrow concept of ‘market power’ is essential.

By Laurie Macfarlane According to a new OECD working paper, Britain is one of the wealthiest countries in the world. Net wealth is estimated to stand at around $500,000 per household – more than double the […]

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Most ‘Wealth’ Isn’t the Result of Hard Work. It Has Been Accumulated by Being Idle and Unproductive.

It’s time to call the housing crisis what it really is: the largest transfer of wealth in living memory.

By Laurie Macfarlane One of the basic claims of capitalism is that people are rewarded in line with their effort and productivity. Another is that the economy is not a zero sum game. The beauty […]

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