Dilemmas of 21st century land value capture
Examining Henry George's legacy in a new Gilded Age
Bibliographic Data
| ID | 4138846 |
|---|---|
| Authors | Laura Wolf-Powers, Laura Wolf‐Powers (0000-0001-5104-823X, Department of Urban Policy & Planning, Hunter College, City University of New York, New York, NY, USA, corresponding author) |
| Year | 2024 |
| Volume | 56 |
| Issue | 6 |
| Pages | 1738-1752 |
| Publication date | 2024-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0308518x231216534 |
| OpenAlex | W4389564460 |
| Language | EN |
| Citations received | 13 |
| References cited | 29 |
This essay reviews 20th century applications of Henry George's thought by local and national policy makers in the Anglo-American context with the goal of better interpreting contemporary debates about land value capture (LVC). Proponents of LVC mechanisms argue that incentive zoning, planning obligations/exactions, special assessments, transfers of development rights, density bonusing, and tax increment financing can rebalance public and private wealth and promote economically redistributive development where direct government spending on social goods is not politically possible. Critical scholars question this stance, arguing that interventions pursued under the LVC banner often deliver publicly generated wealth to already-affluent parties while contributing to price escalation that harms low-income and middle-class citizens. An examination of Henry George's foundational ideas sheds light on the challenges policy makers have faced in attempting to recover the "unearned increment" for the public. This analysis provides useful context for present-day debates about the advisability and practical effects of land value capture mechanisms
Economics · Gilded Age · Incentive · Law and economics · Market economy · Political economy · Political science · Public economics · Tax incentive · Tax reform · History · Housing Market and Economics · Housing, Finance, and Neoliberalism · Law · Property Rights and Legal Doctrine · Public Administration
Private funding contributions for public infrastructure
Funding on the Line? Understanding community preferences for value capture - the case of Melbourne’s Suburban Rail Loop
What's gained, what's lost? The paradox of using land value capture to fund arts spaces in Vancouver
Nature, rent and the persistence of inequality
Challenges to Equitable and Effective Land Value Capture
A Critical Examination of Land Value Capture Tools to Generate Affordable Housing in Toronto
A causal GeoAI framework for capturing the unearned increment to self-finance public infrastructure
Modelling spatial trade-offs in urban sub-centre planning
Developer or land owner contributions? Land value capture, creation, conservation and compensation
Land value capture in practice
The alchemy of Acme
Real estate valuations, heritage branding and the construction of the world's most expensive city
Rethinking value in land and negotiating the city's social future
From Boom to Bubble
Negotiation or Schedule-Based
Zoning
Value Creation, Capture, and Destruction
A Brief History of Equality
The Racial Contract
Rethinking the economics of land and housing
From Managerialism to Entrepreneurialism
Whose Citizenship? Social Conflict over Property in the United States
Sustainable for whom? Green urban development, environmental gentrification, and the Atlanta Beltline
Policy shifts, developer contributions and land value capture in London 2005–2017
Upzoning and value capture
Large Redevelopment Initiatives, Housing Values and Gentrification
Colonial Lives of Property
The Market as the New Emperor
Embedding futurity in urban governance
Breaking the housing-finance cycle
A politically less contested and financially more calculable urban future
Rentier Capitalism
Land Value Taxation in Vancouver
Land Rent and Housing Policy
Private Landed Property and Finance
Henry George's Political Critics
| Unique citing works | 13 |
|---|---|
| Citations per year | 6,5 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 12 |