Neoclassical economics has largely ignored land but for a green economist it is the crucial resource. This raises questions about who should have the right to own it, or whether owning land makes sense at all.

At the policy level green economists see land as a source of common wealth, which should taxed so that those who have the benefit of its use share that value with the community at large. This is why the Land Value Tax is a key tool in the box of a green economist.

If you are interested in reading more about this fundamental issue you can find a chapter on land (pdf, 159 K) from my Green Economics book, and an article I wrote recently about why a land tax (pdf, 36 K) would be a good idea.

A reflection on the value of land by Czech students of Green Economics including discussion of a site of zahradky or 'little gardens' that date back to the 15th century.

Join our mailing list:

twitter logo

Coming Up:

an ethical internet website