Occupy and land value

At the Occupy Economics Working Group (EWG) meeting in London last night, there was a lively debate on land value and the impact of privatisation of the economic rents from land.

Minutes are available here:
images/EWGmeeting4.1.2013.pdf

The proposition, put forward by Fred Harrison, is that the private capture of the economic rents from the land are at the root of the social and economic problems we face today. The EWG will be conducting two further sessions in January on Land Value Tax (LVT) and is looking to get to grips with the detailed implementation of reform and consider whether this could gain wider support.

EWG meetings at Friends Meeting House, Euston:
Monday 14th January 2013 LVT with Rob Blakemore and others
Monday 21st January 2013 LVT with Rob Blakemore and others

Land value is one leg of the New Economy initiative planned for the Critical Thinking agenda this year and Fred Harrison has agreed to participate in one of our sessions.

In addition to his book The Traumatised Society discussed in the Critical Thought interview in December 2012, Fred Harrison mentioned another book, The Losses of Nations, which contains empirical analysis of the impacts of taxing land as opposed to incomes.

 

Comments   

 
0 #5 Catherine Orloff 2013-02-22 13:07
Thanks Yisroel and Clive. CO
 
 
0 #4 Clive Menzies 2013-02-22 08:46
Thanks Yisroel

I've amended it as suggested.

Clive
 
 
0 #3 Yisroel Pensack 2013-02-22 07:08
Fred Harrison and/or the writer of this article was apparently referring to the *private* capture of the economic rents from land as being at the root of social and economic problems. Unfortunately, the word "private" does not appear in the critical sentence of the article (although the article's first sentence does indeed refer to "the impact of privatisation of the economic rents from land.")

Catherine Orloff in comment # 1 incorrectly assumes Harrison or the writer of this article meant *public* capture of the economic rents from land in the passage she quotes there. :zzz
 
 
0 #2 Clive Menzies 2013-02-15 15:27
Thanks Catherine

alternatively, capture of the economic rents from land for private use?
 
 
0 #1 Catherine Orloff 2013-02-15 15:19
:-| Good intentions, but unfortunate wording in Fred Harrison's proposition above:"the capture of the economic rents from the land are at the root of the social and economic problems we face today." Better wording: the INADEQUATE capture or even NON capture? As is it's quite misleading to a non-Georgist reader.
Probably a fuller context would clarify.
 

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