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...

Los últimos años han sido propicios para discutir la polémica sobre la "cuestión de la tierra", en Argentina y en el mundo, por los precios de los productos agrícolas, las burbujas inmobiliarias y el valor de los campos. En esta temática, un nombre obligado en el pensamiento es Henry...

This paper refutes the proposition by Caplan and Gochenour that there is no such thing as natural resources because all goods are produced. Caplan and Gochenour use that proposition to argue against the reform proposal of Henry George and his followers, to replace all taxes with a single tax on...