Market-hampering Land Speculation
Fiscal and Monetary Origins and Remedies
Bibliographic Data
| ID | 2806940 |
|---|---|
| Authors | Fred E Foldvary (John F. Kennedy University, corresponding author) |
| Year | 1998 |
| Volume | 57 |
| Issue | 4 |
| Pages | 615-637 |
| Publication date | 1998-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1536-7150.1998.tb03382.x |
| OpenAlex | W1976786163 |
| Language | EN |
| Citations received | 5 |
| References cited | 19 |
Market-hampering land speculation destabilizes and distorts development, and shifts income unjustly to landowners. Its fiscal origin is the lack of public collection of the site rent. The monetary origin is a centrally controlled money supply that injects excessive credit, fueling malinvestments in real estate. The remedies are both the public collection of land rent and a free market in money and banking, hence a money supply that responds flexibly to market demand while maintaining a stable unit of account. Rent collection option contracts could increase the scope of market-enhancing land speculation that spreads and reduces risk
Business · Economics · Market economy · Monetary economics · Monetary policy · Money market · Money supply · Real estate · Scope (computer science) · Speculation · Complex Systems and Time Series Analysis · Economic theories and models · Finance · Financial Markets and Investment Strategies
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| Unique citing works | 5 |
|---|---|
| Citations per year | 0,18 |
| Citation span | 1998 - 2021 (24) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |