Market-hampering Land Speculation: Fiscal and Monetary Origins and Remedies
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...
Gespeichert in:
| Veröffentlicht in: | The American journal of economics and sociology 1998-10, Vol.57 (4), p.615-637 |
|---|---|
| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 637 |
|---|---|
| container_issue | 4 |
| container_start_page | 615 |
| container_title | The American journal of economics and sociology |
| container_volume | 57 |
| creator | Foldvary, Fred E. |
| description | 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. |
| doi_str_mv | 10.1111/j.1536-7150.1998.tb03382.x |
| format | Article |
| fullrecord | <record><control><sourceid>jstor_proqu</sourceid><recordid>TN_cdi_proquest_miscellaneous_60938789</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><jstor_id>3487124</jstor_id><sourcerecordid>3487124</sourcerecordid><originalsourceid>FETCH-LOGICAL-c4935-68e2af16eb9d703e17411e6e95d45de1fca6bdd8c87ce1d250e2ca7588082f673</originalsourceid><addsrcrecordid>eNqVUU1P3DAUtFArsaX9BxwikLhl8UfiDy4IIWALC1SlqEfLm7xQh2yy2Fl1-fd9IWgPlXqoL9Z7M280miHkgNEpw3dcT1kuZKpYjgtj9LRfUCE0n252yGQLfSATSilPDc_kLvkUY40j8uiE3Ny68Ax9-sstVxB8-5TMXVsmDyso1o3rfdeeJJc-Fq5Jhv1t10LvwmtyH_yTb-Pb8jssofQQP5OPlWsifHn_98jj5cWP81k6v7_6en42T4vMiDyVGrirmISFKRUVwFTGGEgweZnlJbCqcHJRlrrQqgBW8pwCL5zKtaaaV1KJPXI06q5C97KG2NslOoSmcS1062glNUIrbZB48Bex7tahRW-WMyWlwHCQdPgvEsvQmtHaaGSdjKwidDEGqOwq-CUmYRm1QxW2tkPedsjbDlXY9yrsBo9Px-PfvoHX_7i0Z9cXD_LN5P6oUMe-C1sFkWnFeIZwOsI-9rDZwlitxbxUbn_eXVlxc6e_zWY4iD_e66gg</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1474198898</pqid></control><display><type>article</type><title>Market-hampering Land Speculation: Fiscal and Monetary Origins and Remedies</title><source>Worldwide Political Science Abstracts</source><source>Sociological Abstracts</source><source>Periodicals Index Online</source><source>EBSCOhost Business Source Complete</source><source>Access via Wiley Online Library</source><source>JSTOR Archive Collection A-Z Listing</source><creator>Foldvary, Fred E.</creator><creatorcontrib>Foldvary, Fred E.</creatorcontrib><description>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.</description><identifier>ISSN: 0002-9246</identifier><identifier>EISSN: 1536-7150</identifier><identifier>DOI: 10.1111/j.1536-7150.1998.tb03382.x</identifier><identifier>CODEN: AJESA3</identifier><language>eng</language><publisher>Oxford, UK: Blackwell Publishing Ltd</publisher><subject>Agricultural commodities ; Capital goods ; Commodities ; Economic impact ; Economic Policy ; Economic rent ; Financial instruments ; Financial investments ; Free markets ; Futures ; Hedging ; Human capital ; Interest rates ; Land ; Land development ; Land economics ; Land Management ; Market ; Monetary theory ; Money ; Money supply ; Noise ; Productivity ; Speculation ; Speculative demand ; Speculators ; Stocks ; Studies ; Supply ; Trust and Speculation</subject><ispartof>The American journal of economics and sociology, 1998-10, Vol.57 (4), p.615-637</ispartof><rights>Copyright 1998 American Journal of Economics and Sociology, Inc.</rights><rights>Copyright American Journal of Economics and Sociology Oct 1998</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c4935-68e2af16eb9d703e17411e6e95d45de1fca6bdd8c87ce1d250e2ca7588082f673</citedby><cites>FETCH-LOGICAL-c4935-68e2af16eb9d703e17411e6e95d45de1fca6bdd8c87ce1d250e2ca7588082f673</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/3487124$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/3487124$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,780,784,803,1417,27869,27924,27925,33774,45574,45575,58017,58250</link.rule.ids></links><search><creatorcontrib>Foldvary, Fred E.</creatorcontrib><title>Market-hampering Land Speculation: Fiscal and Monetary Origins and Remedies</title><title>The American journal of economics and sociology</title><description>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.</description><subject>Agricultural commodities</subject><subject>Capital goods</subject><subject>Commodities</subject><subject>Economic impact</subject><subject>Economic Policy</subject><subject>Economic rent</subject><subject>Financial instruments</subject><subject>Financial investments</subject><subject>Free markets</subject><subject>Futures</subject><subject>Hedging</subject><subject>Human capital</subject><subject>Interest rates</subject><subject>Land</subject><subject>Land development</subject><subject>Land economics</subject><subject>Land Management</subject><subject>Market</subject><subject>Monetary theory</subject><subject>Money</subject><subject>Money supply</subject><subject>Noise</subject><subject>Productivity</subject><subject>Speculation</subject><subject>Speculative demand</subject><subject>Speculators</subject><subject>Stocks</subject><subject>Studies</subject><subject>Supply</subject><subject>Trust and Speculation</subject><issn>0002-9246</issn><issn>1536-7150</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1998</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><sourceid>7UB</sourceid><sourceid>BHHNA</sourceid><recordid>eNqVUU1P3DAUtFArsaX9BxwikLhl8UfiDy4IIWALC1SlqEfLm7xQh2yy2Fl1-fd9IWgPlXqoL9Z7M280miHkgNEpw3dcT1kuZKpYjgtj9LRfUCE0n252yGQLfSATSilPDc_kLvkUY40j8uiE3Ny68Ax9-sstVxB8-5TMXVsmDyso1o3rfdeeJJc-Fq5Jhv1t10LvwmtyH_yTb-Pb8jssofQQP5OPlWsifHn_98jj5cWP81k6v7_6en42T4vMiDyVGrirmISFKRUVwFTGGEgweZnlJbCqcHJRlrrQqgBW8pwCL5zKtaaaV1KJPXI06q5C97KG2NslOoSmcS1062glNUIrbZB48Bex7tahRW-WMyWlwHCQdPgvEsvQmtHaaGSdjKwidDEGqOwq-CUmYRm1QxW2tkPedsjbDlXY9yrsBo9Px-PfvoHX_7i0Z9cXD_LN5P6oUMe-C1sFkWnFeIZwOsI-9rDZwlitxbxUbn_eXVlxc6e_zWY4iD_e66gg</recordid><startdate>199810</startdate><enddate>199810</enddate><creator>Foldvary, Fred E.</creator><general>Blackwell Publishing Ltd</general><general>American Journal of Economics and Sociology</general><general>American Journal of Economics and Sociology, Inc</general><scope>BSCLL</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>FYSDU</scope><scope>GHEHK</scope><scope>IBDFT</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>7U4</scope><scope>7UB</scope><scope>8BJ</scope><scope>BHHNA</scope><scope>DWI</scope><scope>FQK</scope><scope>JBE</scope><scope>WZK</scope></search><sort><creationdate>199810</creationdate><title>Market-hampering Land Speculation: Fiscal and Monetary Origins and Remedies</title><author>Foldvary, Fred E.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c4935-68e2af16eb9d703e17411e6e95d45de1fca6bdd8c87ce1d250e2ca7588082f673</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1998</creationdate><topic>Agricultural commodities</topic><topic>Capital goods</topic><topic>Commodities</topic><topic>Economic impact</topic><topic>Economic Policy</topic><topic>Economic rent</topic><topic>Financial instruments</topic><topic>Financial investments</topic><topic>Free markets</topic><topic>Futures</topic><topic>Hedging</topic><topic>Human capital</topic><topic>Interest rates</topic><topic>Land</topic><topic>Land development</topic><topic>Land economics</topic><topic>Land Management</topic><topic>Market</topic><topic>Monetary theory</topic><topic>Money</topic><topic>Money supply</topic><topic>Noise</topic><topic>Productivity</topic><topic>Speculation</topic><topic>Speculative demand</topic><topic>Speculators</topic><topic>Stocks</topic><topic>Studies</topic><topic>Supply</topic><topic>Trust and Speculation</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Foldvary, Fred E.</creatorcontrib><collection>Istex</collection><collection>CrossRef</collection><collection>Periodicals Index Online Segment 07</collection><collection>Periodicals Index Online Segment 08</collection><collection>Periodicals Index Online Segment 27</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - West</collection><collection>Primary Sources Access (Plan D) - International</collection><collection>Primary Sources Access & Build (Plan A) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Midwest</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Northeast</collection><collection>Primary Sources Access (Plan D) - Southeast</collection><collection>Primary Sources Access (Plan D) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Southeast</collection><collection>Primary Sources Access (Plan D) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - UK / I</collection><collection>Primary Sources Access (Plan D) - Canada</collection><collection>Primary Sources Access (Plan D) - EMEALA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - International</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - International</collection><collection>Primary Sources Access (Plan D) - West</collection><collection>Periodicals Index Online Segments 1-50</collection><collection>Primary Sources Access (Plan D) - APAC</collection><collection>Primary Sources Access (Plan D) - Midwest</collection><collection>Primary Sources Access (Plan D) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Canada</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - EMEALA</collection><collection>Primary Sources Access & Build (Plan A) - APAC</collection><collection>Primary Sources Access & Build (Plan A) - Canada</collection><collection>Primary Sources Access & Build (Plan A) - West</collection><collection>Primary Sources Access & Build (Plan A) - EMEALA</collection><collection>Primary Sources Access (Plan D) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - Midwest</collection><collection>Primary Sources Access & Build (Plan A) - North Central</collection><collection>Primary Sources Access & Build (Plan A) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - Southeast</collection><collection>Primary Sources Access (Plan D) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - APAC</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - MEA</collection><collection>Sociological Abstracts (pre-2017)</collection><collection>Worldwide Political Science Abstracts</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Sociological Abstracts</collection><collection>Sociological Abstracts</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><collection>Sociological Abstracts (Ovid)</collection><jtitle>The American journal of economics and sociology</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Foldvary, Fred E.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Market-hampering Land Speculation: Fiscal and Monetary Origins and Remedies</atitle><jtitle>The American journal of economics and sociology</jtitle><date>1998-10</date><risdate>1998</risdate><volume>57</volume><issue>4</issue><spage>615</spage><epage>637</epage><pages>615-637</pages><issn>0002-9246</issn><eissn>1536-7150</eissn><coden>AJESA3</coden><abstract>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.</abstract><cop>Oxford, UK</cop><pub>Blackwell Publishing Ltd</pub><doi>10.1111/j.1536-7150.1998.tb03382.x</doi><tpages>23</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0002-9246 |
| ispartof | The American journal of economics and sociology, 1998-10, Vol.57 (4), p.615-637 |
| issn | 0002-9246 1536-7150 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_60938789 |
| source | Worldwide Political Science Abstracts; Sociological Abstracts; Periodicals Index Online; EBSCOhost Business Source Complete; Access via Wiley Online Library; JSTOR Archive Collection A-Z Listing |
| subjects | Agricultural commodities Capital goods Commodities Economic impact Economic Policy Economic rent Financial instruments Financial investments Free markets Futures Hedging Human capital Interest rates Land Land development Land economics Land Management Market Monetary theory Money Money supply Noise Productivity Speculation Speculative demand Speculators Stocks Studies Supply Trust and Speculation |
| title | Market-hampering Land Speculation: Fiscal and Monetary Origins and Remedies |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-22T15%3A03%3A37IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-jstor_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Market-hampering%20Land%20Speculation:%20Fiscal%20and%20Monetary%20Origins%20and%20Remedies&rft.jtitle=The%20American%20journal%20of%20economics%20and%20sociology&rft.au=Foldvary,%20Fred%20E.&rft.date=1998-10&rft.volume=57&rft.issue=4&rft.spage=615&rft.epage=637&rft.pages=615-637&rft.issn=0002-9246&rft.eissn=1536-7150&rft.coden=AJESA3&rft_id=info:doi/10.1111/j.1536-7150.1998.tb03382.x&rft_dat=%3Cjstor_proqu%3E3487124%3C/jstor_proqu%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1474198898&rft_id=info:pmid/&rft_jstor_id=3487124&rfr_iscdi=true |