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...

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...

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...

"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....

"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...