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Persistent link: https://www.econbiz.de/10005394760
Rejecting the market-failure hypothesis, Dr Foldvary argues that an entrepreneur can provide collective goods by consensual community agreements. Instead of focusing particular services, as previous studies have done, this book concerns itself with entire private communities. A series of case...
Persistent link: https://www.econbiz.de/10011253300
Beyond Neoclassical Economics is a remarkable introduction to the main heterodox schools of economic thought which examines their main concepts and their critiques of mainstream theory.
Persistent link: https://www.econbiz.de/10011253423
This important and original dictionary presents for the first time in an easily accessible form a wide range of terms and concepts used in free-market economics. It includes entries on theories of the market economy, as well as empirical studies of economic freedom and informative biographies of...
Persistent link: https://www.econbiz.de/10011253891
Although the neoclassical turn in economics demoted land as a factor, important economists of neoclassical thinking, from neoclassical predecessors such Hermann-Heinrich Gossen through figures such as Leon Walras, did view land as a distinct factor of production. Walras, in particular, favored...
Persistent link: https://www.econbiz.de/10005215356
Contemporary neoclassical economics has reduced factor analysis to two homogenous inputs, K and L. This excessive simplification has led to a deficient understanding of economic reality and a misunderstanding of concepts such as the producer surplus. This paper presents a taxonomy of the...
Persistent link: https://www.econbiz.de/10005215421
"This article rebuts the arguments against land value taxation expressed by Oliver Marc Hartwich in the December 2006 'Economic Viewpoints'. This rebuttal argues that taxing land as a surplus is both feasible and consistent with modern economic concepts such as marginal productivity....
Persistent link: https://www.econbiz.de/10005215690
Persistent link: https://www.econbiz.de/10005143095
"The excess burden of taxation, which in the US is over $1 trillion, could be reduced by transferring responsibility for funding infrastructure to the private sector, with a corresponding cut in taxes. While governments may resist optimal taxation, private communities are induced to do so by...
Persistent link: https://www.econbiz.de/10005143213
These comments were presented at a session entitled "Echoes of Henry George in Modern Analysis" held at the 2002 meetings of the Southern Economic Association. Copyright 2004 American Journal of Economics and Sociology, Inc..
Persistent link: https://www.econbiz.de/10005662791