Foldvary, Fred E. - In: Econ Journal Watch 2 (2005) 1, pp. 106-132
This paper presents an analysis of what is termed “geo-rent,†what the plot-devoid-of-improvements would rent for in … potential role of land and its rent for public revenue. The qualities of land value that make it a superior source of revenueâ …, ignored in the broader policy discussions. That the “producer surplus†is in reality mostly land rent is little recognized …