It is often assumed that government intervention is required to bring to fruition large scale infrastructure projects because the large initial capital outlays such projects require must be funded from the public purse. In "Wheels of Fortune", Fred Harrison shows that large scale infrastructure projects can be made self-funding. Infrastructure projects almost always bring about a large increase in the value of adjoining land. For example, it is estimated that the London Underground Jubilee Line extension increased adjoining land values by close to GBP3 billion. When such infrastructure projects are funded by government, they therefore involve a substantial transfer of wealth from a large number of taxpayers to a small number of property owners. Harrison argues that a fairer and more efficient means to fund infrastructure projects is to capture and use the increases in land values that they bring.

Wheels of Fortune: Self-funding Infrastructure and the Free Market Case for a Land Tax

Business & Money

Fred Harrison

Economics

Institute Of Economic Affairs

<p>The Power in the Land: An Inquiry into Unemployment, the Profits Crisis and Land Speculation Paperbackby Fred Harrison  (Author)</p>

The Power in the Land: An Inquiry into Unemployment, the Profits Crisis and Land Speculation

Shepheard-Walwyn (Publishers) Ltd

<p>Face it. The world is no closer to consigning poverty to history. Why is there still poverty-from whole countries of the poor South, to the back streets, slums and trailer parks of the rich West? The good intentions, the money, the rhetoric, the pity and the media histrionics are but pinpricks to a worldrampaging monster. They say there is no silver bullet. Neither Geldof or Bono, nor the United Nations, nor the vast assembled hosts of international aid and development agencies have the answer. Doesn't every citizen of the world have an equal right to the good life? With so much wealth in the world, why are so many of us so poor, when we could rid ourselves of this monster? And the fact is, there is only one way to kill poverty...</p>

The Silver Bullet

theIU

See the best price to sell, buy, or rent books by Fred Harrison. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Fred Harrison

See the best price to sell, buy, or rent books by Fred Harrison. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Wheels of Fortune: Self-funding Infrastructure and the Free Market Case for a Land Tax

The Power in the Land: An Inquiry into Unemployment, the Profits Crisis and Land Speculation

The Silver Bullet