The Henry George Theorem in a second-best world

Behrens, Kristian; Kanemoto, Yoshitsugu; Murata, Yoshinori

doi:10.1016/j.jue.2014.10.002

Cited by 11 publications

(9 citation statements)

References 36 publications

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“…The form of that analysis appeared supersede its purpose (Giles 2015: 10‐11). So, Haila (1984) was on the justice side of Georgist political economy, not on the side of what mainstream urban economists call the “Henry George Theorem.”(Behrens et al 2015) Her intellectual battles were, of course, against mainstream economists, but also against Georgists who were inadvertently involved in the mimicry of economism, whether they were neoclassical economists, Marxian economists, or whatever.…”

Section: Anne Haila and The Invisible Manmentioning

confidence: 99%

Private Urban Land Tenure: Revisiting Anne Haila’s Work on its Nature, Critique, and Alternatives

Obeng‐Odoom¹

2021

American J Econ Sociol

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This issue of the American Journal of Economics and Sociology is devoted to scholars whose work is related to the ideas of the late Anne Haila. Her background as an urban theorist led her to the work of Henry George. From that encounter, she came to recognize the neglect of land in most types of economic theory, which emphasize either rational individuals or capital. Standard economic paradigms are utopian because they are disconnected from the world and unable to make accurate predictions. Yet, they dominate how we understand the world. Accordingly, existing politics and policies can be described as porous.Anne Haila perceived Georgist political economy (GPE) as a significant voice of reason, vision, and action. GPE stresses the distinctive role of land in its continuing relation to labor and capital. Henry George paved the way for this line of analysis, but he was vilified, and others following his analysis were dismissed. As a result, many scholars who developed GPE over the years became sensitive to being assigned that label.Anne Haila did not share that reticence to identify herself with Henry George's principles. To understand what gave her a unique

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Section: Anne Haila and The Invisible Manmentioning

confidence: 99%

Private Urban Land Tenure: Revisiting Anne Haila’s Work on its Nature, Critique, and Alternatives

Obeng‐Odoom¹

2021

American J Econ Sociol

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“…To abolish all taxesexcept on land values." While this idea seems radical, it has been widely discussed by economists (e.g., Behrens et al, 2015;Kawano, 2014;Newton, 1971;Stigler, 1974).…”

Section: (Figure 3 About Here)mentioning

confidence: 99%

Why is the Hong Kong Housing Market Unaffordable? Some Stylized Facts and Estimations

Leung¹,

Ng²,

Tang

2020

gwp

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The house price in Hong Kong is well-known to be "unaffordable." This paper argues that the commonly used house price-to-income ratio may be misleading in an economy with almost half of the population living in either public rental housing or subsidized ownership. Moreover, we re-focus on the relationships between economic fundamentals and the housing market of Hong Kong. While the aggregate GDP, population and longevity continue to grow, the real wage and household income fall behind. The trend component of the real GDP growth suffers a permanent downward shift after the first quarter of 1989 (a "political scar"). The trend component of real wage growth is close to zero, and the counterpart of real consumption and real investment decline steadily. Meanwhile, the trend component of the real housing rent and price display patterns that decouple from the macroeconomic variables. We also discuss the directions for future research.

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“…It has often been said that Georgism is all about the taxation of rent and that George claimed that all social problems will disappear with taxation of ground rents (O'Sullivan 2012: 150–151; Behrens et al ). In fact, George's argument is more sophisticated.…”

Section: Henry George the Commons And Our Common Naturementioning

confidence: 99%

The Meaning, Prospects, and Future of the Commons: Revisiting the Legacies of Elinor Ostrom and Henry George

Obeng‐Odoom¹

2016

American J Econ Sociol

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Elinor Ostrom's work on the commons has convinced mainstream economists that “collective” governance of the commons can overcome the “tragedy of the commons” and “free‐rider problems.” Yet, a more systematic appraisal of Ostrom's work shows that it contains no concept of justice. Her idea of rights is extremely limited, often tied to the notion of joint, rather than equal, rights. Indeed, for Ostrom, the notion of the commons is socially separatist and not ecological. Ostrom uses historical examples, but without analyzing how common possession historically evolved and was undermined by external forces. Hence her proposed “collective action” to save the commons actually accelerates the real threats to the commons. A strikingly different and more holistic approach to the commons is offered by Henry George, who posits the commons as the most important path to social, economic, and ecological sustainability. Unlike Ostrom, who studied the commons “scientifically” to show that some goods are neither private, public, nor club‐based, George studied the commons to understand and remove injustice at the roots. His approach is more critical and certainly more relevant today in showing that another world is possible. However, George's work too, requires significant changes to update its framing of the meanings, prospects, and future of the commons.

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The Henry George Theorem in a second-best world

Cited by 11 publications

References 36 publications

Private Urban Land Tenure: Revisiting Anne Haila’s Work on its Nature, Critique, and Alternatives

Private Urban Land Tenure: Revisiting Anne Haila’s Work on its Nature, Critique, and Alternatives

Why is the Hong Kong Housing Market Unaffordable? Some Stylized Facts and Estimations

The Meaning, Prospects, and Future of the Commons: Revisiting the Legacies of Elinor Ostrom and Henry George

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