Five thousand years
ago, humanity made a huge mistake. The income from shared land - economic rent
- was seized by chiefs and priests rather than used for everyone’s benefit.
Every unfair tax, every preventable death from poverty, and every financial
crash since can be traced back to that betrayal.
Fred Harrison reveals the “culture of cheating” built into
the foundations of modern society: how mainstream economics removed the idea of
rent, and how taxing wages instead of land harms prosperity and shortens lives.
With five major crises - political gridlock, environmental collapse, mass
migration, authoritarianism, and uncontrolled AI - converging around 2028, he
makes an evidence-based case for replacing taxes on labour with Annual Ground
Rents and sharing rents between nations to resolve conflicts from Gaza to the
climate crisis.
Economist Fred Harrison reveals how a 5,000-year-old fraud —
the private capture of land rent — drives poverty, inequality, and boom-bust
cycles. His solution: replace taxes with land value charges to share nature's
wealth and heal a broken world.
Table of Contents:
Introduction
4+1 1
Part 1 We are Rent
Prologue: To Be, or Not 9
1 Act of Creation 19
2 Geometry of Life 39
3 Corruption 59
4 Cannibalism 77
5 Collapse 95
6 Genocide 113
Part 2 The Making of a Failed State
Prologue: Life and Death 131
7 Indictment 137
8 The Rentlords 157
9 Death by Democratic Cuts 177
10 The Bipolar State 197
Part 3 Manifesto for Humanity
Prologue: One World Rent 217
11 The Promised Land 223
12 A New World 241
13 Or: We all Die 259
About the Author 279
Index 281
About the Author :
Fred Harrison is a British
author, journalist, and economist who has led a distinguished dual career for
over 50 years. He first became an investigative journalist, famously securing
the prison-cell confession of Moors murderer Ian Brady. This breakthrough,
detailed in his book Genesis of the Moors Murders, solved the
disappearance of two of Brady’s victims.
Alongside his groundbreaking
journalism, he trained as an economist, earning a degree in PPE at Oxford
University and then an MSc at the University of London. This led to his second
career as a pioneering economic forecaster. He is credited with rediscovering
and applying the theory of the 18-year property cycle. He used this to predict
the 1992 recession and the 2008 global financial crisis years in advance of
anyone else. His influential books, including The Power in the Land and
Boom Bust, critique mainstream economics and explore the devastating
impact of land speculation.
He edited Rent Unmasked
(2016), which received the 2017 People’s Book Prize “Best Achievement Award for
outstanding content/topic by an author that would/could or did lead to
excellent benefit to the community.” As Director of the Land Research Trust,
Harrison continues to advocate for systemic reform to create an entrepreneurial
economy that serves everyone.
Review :
Fred Harrison, one of the most
insightful British economists, has produced another landmark work with Cheating:
The Human Project and Its Betrayal, which follows his earlier
groundbreaking book, The Power in the Land (Harrison, 1983).
Cheating traces the
root cause of our impending collapse as a species to a single issue—the
diversion of rent from the commons. Harrison carefully examines the
repercussions of this problem and presents a compelling alternative path toward
a just ecological political economy. Unfortunately, he argues that neither
scholars nor the general public, positioned to effect change, will heed his
call because they are both paralysed by and beneficiaries of the very same
problem: cheating.
- Franklin Obeng-Odoom,
University of Helsinki, Helsinki, Finland
Fred Harrison’s Cheating:
The Human Project and Its Betrayal is as provocative as it is
illuminating—a book that doesn’t let the reader off the hook easily. With
striking clarity, Harrison shows how mainstream economics has quietly edged the
classical concept of economic rent out of view—conveniently leaving us with a
system that taxes work and productivity, while largely sparing unearned gains
from land. He argues, with characteristic sharpness, that this shift lies at
the heart of recurring crises and persistent structural imbalances.
His case is further strengthened
by decades of work on property cycles. Harrison is among the few economists who
not only identified the recurring dynamics of land and real estate markets but
also had the conviction to point to their crisis potential ahead of time. The
fact that this perspective has proven remarkably prescient lends additional
weight to his current analysis.
Yet Cheating is
not merely diagnostic. Harrison sketches a bold and original reform
perspective: the systematic capture of land and resource rents—conceived even
at a global level—opens up new ways of thinking about economic stability,
distributional justice, and even geopolitical tensions. The economic potential
implied by such a reordering is substantial, and at the very least challenges
deeply entrenched assumptions.
There is also a palpable sense of
urgency running through the book. Harrison makes it clear that the window for
meaningful reform may be limited. His argument that the opportunity for
voluntary adjustment will not remain open indefinitely adds a certain tension
to the reading experience—as if, alongside the analysis, a quiet countdown were
ticking in the background.
Cheating is therefore
far more than another contribution to economic debate. It is a thoughtful,
incisive, and at times refreshingly uncomfortable intervention into the
question of why our economies repeatedly falter—and what it might take to
finally set them on a more stable footing.
- Dirk Löhr is an
economist at Trier University of Applied Sciences and a leading advocate of the
land value tax, which he helped to introduce in Baden-Württemberg, Germany.
'The proposal in this book to
shift the bulk of taxation from incomes and profits to a Land Valuation Tax, or
more broadly to a fiscal charge on society's net income, or rent, as the author
would put it, is absolutely correct, and has now become necessary in order to
deal with the parlous state of fiscal policy. But that leaves open the
question of how far this reform can of itself lead to a diminution of the
pursuit of power and other forms of social 'Cheating'.'
- Charles Goodhart, Emeritus
Professor of Banking and Finance, London School of Economics
Fred Harrison is right. We have
developed a culture of cheating. If people grapple with the questions that Fred
Harrison addresses, they may realize that the only path to a peaceful and
prosperous world lies in sharing the Earth’s rent, so that all people are
accorded equal rights to the natural opportunities provided by the Earth.
-Nicolaus Tideman, Professor of
Economics, Virginia Tech
Harrison exposes a flaw in our
system that enables Cheaters to demand tribute for access to the resources we
all need to survive. Harrison’s hope is that by spreading awareness of the
difference between the value of socially shared Rent and privatized Rent, we
will be able to prevent the next predicted collapse. In Harrison’s words,
nothing less is at stake than assuring “…our place on Planet Earth.”
-Dr Heather Remoff,
Anthropologist, Heather Remoff, author, What's Sex Got to Do with It? Darwin,
Love, Lust, and the Anthropocene
Harrison’s wide-ranging book
traces how the evolutionary human project has been periodically interrupted by
a culture of cheating opposed to the maxim: “Keep what you make; pay for what
you take.” This requires trade at prices that reflect relative labour costs.
Land qua land, unlike man-made improvements, has no labour cost yet owners
command vastly different rents dependent on the surrounding infrastructure
largely financed through the taxation of earned incomes rather than unearned
rents. Harrison explains why radical fiscal reform can expunge the fundamental
injustice at the heart of global territorial conflicts that today threaten
civilisation.
- Roger Sandilands, Emeritus
Professor of Economics, Strathclyde University
Fred Harrison's Cheating: The
Human Project and Its Betrayal sets forth a bold claim: that the sharing of
economic rents - the surplus, or net income, arising from cooperative activity
- distinguished humanity from other hominids and was vital to its evolution as
a species. This was our "human project".
Sharing the rents, once
humanity's defining social principle, was fatally undermined millennia ago as
elites expropriated society's net income. The result: vast swathes of people
cheated out of their common heritage to suffer within cultures of extraction
that have corrupted and brought low every civilisation ever since.
Harrison, long known for his
prescient analysis of boom-and-bust cycles, issues a stark warning: our
civilisation has now reached a tipping point; continue on the present path and
face systemic collapse, or reclaim the human project and chart a fairer and
more prosperous future.
The question is whether we
possess the collective will to act in time.
This ambitious work is the
culmination of a lifetime dedicated to advancing the human project. Its
arguments are fertile ground for further scholarship, and its challenge is
clear: a new generation must take up and advance the cause so fiercely
championed by Harrison for so long.
- Akhil Patel, author of The
Secret Wealth Advantage
Students of English history may
remember the survey ordered in 1086 by William the Conqueror to determine the
value of the kingdom’s land and all castles, homes, barns, crops, livestock,
mills and woodlands (excepting London, Winchester and parts of the north). The
findings were detailed in two volumes eventually referred to as the Doomesday books.
William needed revenue to govern the country, and he knew that those who held
property were unlikely to honestly self-report the value of their holdings for
purposes of taxation. Well, not much has changed since the eleventh century, as
detailed by author Fred Harrison in his new book, Cheating: The Human
Project and its Betrayal.
I leave it to Fred Harrison to
explain to you what he means by “One World Rent is the binding glue.” Order the
book. Study it closely. Discuss it with friends and colleagues. There is no
time to lose.
- Edward J. Dodson, M.L.A.
Harrison masterfully uses
insightful historical analysis to show that the current fiscal system is not
only not "normal" and inevitable, but also why it is not normal: rent
seekers have managed to divert socially owned economic Rent to their private
pockets through privatisation.
Since something must and will
change, Harrison's book is the vehicle through which informed conversations can
direct initiatives towards those that are both fair and economically sound. He
explains how fairness and economic efficiency - Zero Deadweight losses - can be
achieved by the simple pricing system of "keep what you create, pay for
what you receive".
-Jean-Pierre Zigrand, Co-director
of the Systemic Risk Centre, and Associate Professor of Finance, London School
of Economics