Fred Harrison's term (Ricardo's Law, 2006) for how landowners recover, and often exceed, their tax payments through untaxed land-value gains funded by public investment — making an apparently ...

Excessive traffic fines create distrust between the police and the people. What’s needed is tax reform that eliminates the financial incentive for taxation by citation. “Taxation by citation” is the ...

The recurring claim that structural change has ended the old boom-bust pattern -- from Homer Hoyt's 1933 prediction his land cycle would be 'of interest only to historians' to the broader 'this time ...

Mark Blaug (1997), Economic Theory in Retrospect, 5th ed., Cambridge University Press, Ch. 3 §8–9 (differential rent and the marginal principle) and Ch. 4 §1 (the corn model). Wiki summary — used for ...

Rochet and Tirole formalize a setting in which a platform charges per-transaction (usage) fees to two sides of a market (e.g., cardholders and merchants in a payment-card network, or the running video ...

"Gen-AI: Artificial Intelligence and the Future of Work" is IMF Staff Discussion Note SDN/2024/001 (January 2024), prepared by Mauro Cazzaniga, Florence Jaumotte, Longji Li, Giovanni Melina, Augustus ...

The Town and Country Planning Act 1947 created modern British planning: development rights were effectively nationalized (development requires planning permission), and the value uplift conferred by ...

Capturing economic rent — resource rents in the best-evidenced case — and distributing it as an equal per-capita cash dividend reduces poverty and narrows income inequality. Honest limits: the direct ...

The proposal, developed by Lanier, Weyl and coauthors and popularized in Radical Markets Ch. 5, that platforms should treat user-generated data as compensated labor rather than a free byproduct of ...

Proponents argue betterment levies are politically attractive because they target a visible, discrete windfall — the jump in land value when planning permission is granted — making the case for public ...

Economist whose work on value creation versus value extraction revives the classical distinction between productive activity and economic rent — and, in a 2023 paper, maps that distinction across land ...

A dominant digital platform occupies something that behaves like a location: the place everyone on both sides of a market must pass through to reach each other. Three features make these positions ...