
Land and Taxation
By Nicholas Tideman, V H Blundell, FRED FOLDVARY PhD, MASON GAFFNEY PhD, FRED HARRISON M.Sc.Length7h 25m
About this audiobook
With an updated introduction by Fred Harrison, Shepheard Walwyn has now published this classic book as an eBook.
Economists know that the optimum conditions for private enterprise are achieved when taxes on the earned incomes of labour and capital are reduced to zero but, because neoclassical economic theory insists on treating land as capital, they dismiss the obvious alternative to taxing labour and capital – the unearned income from land.
Mason Gaffney explains the importance of recognising land as a distinctive factor of production and the consequences of its uniqueness for economic policy, for example, that income from land is subject to market forces quite different from those that determine a return on capital. Nic Tidman brings together the classical literature on land taxation to explain the argument that such taxation is an economically efficient and ethical revenue source.
The authors argue that reform of the structure of public finance would make it possible to restore full employment without causing inflation and to reduce the overall tax burden. Once again, Shepheard Walwyn presents a different approach to an old problem.
Audiobook details
GenreBusiness and Economics
Length7 hrs 25 mins
Narrated byListen with 1,000+ voices
FormateBook with Audio
Publish dateJan 31, 2023
LanguageEnglish
Table of contents
1Cover Page
21B-5. Land rent is a taxable surplus
2Introduction: Taxation as a Political Choice
22B-6. Uniformity in taxation between land and capital is not neutral
3Prologue: Rent-ability
23B-7. Land values are hypersensitive to discount rates
4Land as a Distinctive Factor of Production
24B-8. Land markets are dominated by access to long-term credit
5A Primary Distinctions
25B-9. Control of land gravitates to financially “strong hands”
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6A-l. Land is not produced nor reproduceable
26B-10. Land markets are sticky
7A-2. Land as site is permanent and recyclable
27B-11. Land is a major basis of market power
8A-3. Land supply is fixed
28B-12. Land income is much greater than the current cash flow
9A-4. Land is immobile in space and uncontrollable in time
29B-13. Consuming land means pre-empting its time
10A-5. Land does not turn over. It is recycled and is versatile
30B-14. Land’s rent is its opportunity cost, regardless of use
11A-6. Land is not interchangeable with capital
31C Land-driven Booms and Busts
12A-7. Land rents are subject to market forces that differ from those that determine interest rates (the price of capital)
32C-l. Land value is used as the basis of credit and money
13A-8. Land price guides investors and determines the character of capital, as capital substitutes for 8 land
33C-2. Land valuation is subjective
14A-9. Land is limitational
34C-3. Land markets are prime causes of instability
15A-10. Land value is not an economic fund
35The Economics of Efficient Taxes on Land
16B Major Economic Consequences
36Poverty and the Theory of Wages: a “Geo-classical” analysis
17B-l. The origin of property in land is not economic
37Flawed Land Acts 1947-1976
18B-2. Much land remains untenured
38Postscript on Neo-classicism
19B-3. Landownership imparts superior bargaining power
39About the Authors
20B-4. Land Rent does not evoke production, thrift or investment