An entrepreneurial critique of Georgism

Volume: 26, Issue: 4, Pages: 483 - 491
Published: Mar 24, 2013
Abstract
This paper develops a critique of the single-tax proposal of Henry George. We present a simple search-theoretic model for the discovery of natural resources and show that a tax on the unimproved value of land is distortionary. We then consider the time inconsistency and regime uncertainty problem created by even incremental Georgist policy. We discuss historical cases of land reform and the subsequent challenge to re-establish a credible...
Paper Details
Title
An entrepreneurial critique of Georgism
Published Date
Mar 24, 2013
Volume
26
Issue
4
Pages
483 - 491
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