It is often assumed that government intervention is required to bring to fruition large scale infrastructure projects because the large initial capital outlays such projects require must be funded from the public purse. In Wheels of Fortune, Fred Harrison shows that large scale infrastructure...

In ricardianischer Sichtweise ließe sich die Europäische Union in Länder der Peripherie und Kernländer aufteilen, wobei die Peripherie durch geringere Faktorentgelte charakterisiert ist. Die Bodenrente als Residuum der übrigen Faktorentgelte ist im Kern höher als am Rand und im Laufe der...

From a Ricardian point of view, taxes should be most efficiently financed through land rents. In spatial terms, the land rents are highest in the European core countries and lowest at the margins of the peripheral states, which are currently in turmoil due to the economic crisis. The austerity...

"Competition maximises consumer satisfaction but creates a financial problem for enterprises. When prices are competed down to just cover marginal costs, part of the value added by the enterprise is externalised. Government has not been efficient at recycling that value back into the economy,...