Understanding the Boom Bust Cycle
Session 1

2021-02-01 6:30 pm - 8:30 pm
Henry George School of Social Science
Phone:(212) 889-8020
Address: 149 East 38th Street, New York, NY 10016

UNDERSTANDING THE BOOM BUST CYCLE

Why do recessions occur in capitalist economies on a recurrent basis? Is there a single explanatory cause?

In this 5-session course on the Boom and Bust Cycle, emeritus professor of Economics Dr. Fred Foldvary investigates the link between real estate and economic downturns otherwise known as business cycles. The course will revisit Homer Hoyt’s pioneering work as well as the role of money and interest rates in causing land bubbles.

Session 1: Real estate and the business cycle

Session 2: Mason Gaffney on downturns

Session 3: Homer Hoyt and the cycle

Session 4: Money, interest, and the cycle

Session 5: American land bubbles

Instructor Bio: 
Fred Foldvary is a retired professor of economics . He received his Ph.D. in Economics from George Mason University. Foldvary’s scholarly interests include public finance, real estate economics, and social ethics. Foldvary is known for his research and publications on land value taxation, community associations, and business cycles. His books include The Soul of Liberty, Public Goods and Private Communities, Dictionary of Free-Market Economics, and The Depression of 2008. Besides his articles, Fred Foldvary has written columns for www.progress.org and is one the few economists who predicted the 2007 – 2008 financial crisis.

Dates: Mondays – 2/1, 2/8, 2/22, 3/1, 3/8
Time: 6:30PM to 8:00PM EST

5 sessions
A zoom link will be provided via email before the start of the first session.

Related upcoming events

  • 2022-10-03 6:30 pm - 2022-10-03 8:00 pm

    A THEORY OF ECONOMIC JUSTICE

    What does prosperity have to do with economic justice? Join us to explore the connections.

    When natural opportunities become scarce, a rule for allocating them becomes necessary. After considering alternatives, the course develops the case for an equal division of the rent from natural opportunities, then examines the issue of how rent would be assessed. Rent is then divided into portions generated by nature, by infrastructure and by nearby private development, with a different allocation for each.

    The framework of justice for natural opportunities is shown to have a natural counterpart in a theory of a just monetary system. Adding an international dimension, the course deals with payments among nations to compensate for inequalities in per capita natural opportunities, with a global system for managing climate-warming activities, with secession, and with refugees. Finally, the course addresses the question of how the conception of justice advanced by the course might be achieved.

    The instructor, Nicolaus Tideman is a Professor of Economics at Virginia Tech.  He received his bachelor’s degree from Reed College in 1965 and his Ph.D. from the University of Chicago in 1969.  From 1969 to 1973 he was Assistant Professor of Economics at Harvard University.  In 1970-71 he served as Senior Staff Economist at the President’s Council of Economic Advisors.  He has also served as a consultant at the Bureau of the Budget (predecessor to the Office of Management and Budget) and at the Office of Tax Analysis in the Department of the Treasury.  He has been at Virginia Tech since 1973, as a post-doctoral fellow, Associate Professor, and Professor since 1985.  He has published over 100 professional articles and the book, Collective Decisions and Voting: The Potential for Public Choice.

    Dates: Part 1 – Mondays: 9/12, 9/19, 9/26, 10/3, 10/17, 10/24, 11/7; from 6:30PM to 8:00PM EDT

    Part 2 – TBA

    Note: This is an online event. Access information will be made available after registration.

    REGISTER NOW

    A link to join the online course will be provided via email before the start of the first session.

  • 2022-10-17 6:30 pm - 2022-10-17 8:00 pm

    A THEORY OF ECONOMIC JUSTICE

    What does prosperity have to do with economic justice? Join us to explore the connections.

    When natural opportunities become scarce, a rule for allocating them becomes necessary. After considering alternatives, the course develops the case for an equal division of the rent from natural opportunities, then examines the issue of how rent would be assessed. Rent is then divided into portions generated by nature, by infrastructure and by nearby private development, with a different allocation for each.

    The framework of justice for natural opportunities is shown to have a natural counterpart in a theory of a just monetary system. Adding an international dimension, the course deals with payments among nations to compensate for inequalities in per capita natural opportunities, with a global system for managing climate-warming activities, with secession, and with refugees. Finally, the course addresses the question of how the conception of justice advanced by the course might be achieved.

    The instructor, Nicolaus Tideman is a Professor of Economics at Virginia Tech.  He received his bachelor’s degree from Reed College in 1965 and his Ph.D. from the University of Chicago in 1969.  From 1969 to 1973 he was Assistant Professor of Economics at Harvard University.  In 1970-71 he served as Senior Staff Economist at the President’s Council of Economic Advisors.  He has also served as a consultant at the Bureau of the Budget (predecessor to the Office of Management and Budget) and at the Office of Tax Analysis in the Department of the Treasury.  He has been at Virginia Tech since 1973, as a post-doctoral fellow, Associate Professor, and Professor since 1985.  He has published over 100 professional articles and the book, Collective Decisions and Voting: The Potential for Public Choice.

    Dates: Part 1 – Mondays: 9/12, 9/19, 9/26, 10/3, 10/17, 10/24, 11/7; from 6:30PM to 8:00PM EDT

    Part 2 – TBA

    Note: This is an online event. Access information will be made available after registration.

    REGISTER NOW

    A link to join the online course will be provided via email before the start of the first session.

  • 2022-10-24 6:30 pm - 2022-10-24 8:00 pm

    A THEORY OF ECONOMIC JUSTICE

    What does prosperity have to do with economic justice? Join us to explore the connections.

    When natural opportunities become scarce, a rule for allocating them becomes necessary. After considering alternatives, the course develops the case for an equal division of the rent from natural opportunities, then examines the issue of how rent would be assessed. Rent is then divided into portions generated by nature, by infrastructure and by nearby private development, with a different allocation for each.

    The framework of justice for natural opportunities is shown to have a natural counterpart in a theory of a just monetary system. Adding an international dimension, the course deals with payments among nations to compensate for inequalities in per capita natural opportunities, with a global system for managing climate-warming activities, with secession, and with refugees. Finally, the course addresses the question of how the conception of justice advanced by the course might be achieved.

    The instructor, Nicolaus Tideman is a Professor of Economics at Virginia Tech.  He received his bachelor’s degree from Reed College in 1965 and his Ph.D. from the University of Chicago in 1969.  From 1969 to 1973 he was Assistant Professor of Economics at Harvard University.  In 1970-71 he served as Senior Staff Economist at the President’s Council of Economic Advisors.  He has also served as a consultant at the Bureau of the Budget (predecessor to the Office of Management and Budget) and at the Office of Tax Analysis in the Department of the Treasury.  He has been at Virginia Tech since 1973, as a post-doctoral fellow, Associate Professor, and Professor since 1985.  He has published over 100 professional articles and the book, Collective Decisions and Voting: The Potential for Public Choice.

    Dates: Part 1 – Mondays: 9/12, 9/19, 9/26, 10/3, 10/17, 10/24, 11/7; from 6:30PM to 8:00PM EDT

    Part 2 – TBA

    Note: This is an online event. Access information will be made available after registration.

    REGISTER NOW

    A link to join the online course will be provided via email before the start of the first session.

  • 2022-11-07 6:30 pm - 2022-11-07 8:00 pm

    A THEORY OF ECONOMIC JUSTICE

    What does prosperity have to do with economic justice? Join us to explore the connections.

    When natural opportunities become scarce, a rule for allocating them becomes necessary. After considering alternatives, the course develops the case for an equal division of the rent from natural opportunities, then examines the issue of how rent would be assessed. Rent is then divided into portions generated by nature, by infrastructure and by nearby private development, with a different allocation for each.

    The framework of justice for natural opportunities is shown to have a natural counterpart in a theory of a just monetary system. Adding an international dimension, the course deals with payments among nations to compensate for inequalities in per capita natural opportunities, with a global system for managing climate-warming activities, with secession, and with refugees. Finally, the course addresses the question of how the conception of justice advanced by the course might be achieved.

    The instructor, Nicolaus Tideman is a Professor of Economics at Virginia Tech.  He received his bachelor’s degree from Reed College in 1965 and his Ph.D. from the University of Chicago in 1969.  From 1969 to 1973 he was Assistant Professor of Economics at Harvard University.  In 1970-71 he served as Senior Staff Economist at the President’s Council of Economic Advisors.  He has also served as a consultant at the Bureau of the Budget (predecessor to the Office of Management and Budget) and at the Office of Tax Analysis in the Department of the Treasury.  He has been at Virginia Tech since 1973, as a post-doctoral fellow, Associate Professor, and Professor since 1985.  He has published over 100 professional articles and the book, Collective Decisions and Voting: The Potential for Public Choice.

    Dates: Part 1 – Mondays: 9/12, 9/19, 9/26, 10/3, 10/17, 10/24, 11/7; from 6:30PM to 8:00PM EDT

    Part 2 – TBA

    Note: This is an online event. Access information will be made available after registration.

    REGISTER NOW

    A link to join the online course will be provided via email before the start of the first session.