Winston Churchill – land reformer

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(1874 – 1965) This is one of our 50 famous biographies we are uploading by former Progress editor Karl Williams. See more “The socially-produced value of the land is reaped by the speculator in exact proportion, not to the service, but to the disservice, done.  The greater the injury to society, the greater the reward.” […]

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Australian Valuation Office shut to help or hinder bubbles?

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Today is a testing day for economic democracy with the announcement the Australian Valuation Office will be closed. The office has for 104 years valued our land – and was the cornerstone of the first federal tax office – the Federal Land Tax Office. We show concern at this development because this austerity manoeuvre could […]

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Englobo IV: Land, Land, everywhere but not a place to sit

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Victorian Planning Minister Matthew Guy has been out this week energetically pointing to fresh ‘land releases’ around Melbourne.  Growth, or the illusion of growth, is a powerful sedative that buys contentment and political support.  He will bang this drum hard. Plan Melbourne – the Napthine government’s vision for development – forecasts a Melbourne of 6.5 […]

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Eslake in Senate submission on Housing Policy Failure

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Saul Eslake has hit the press (p3 of the AFR – paywalled) with his submission to the Senate Committee on Housing Affordability. The submission is largely based on his 122nd Annual Henry George Commemorative dinner presentation. Saul again reiterates his key point from the speech: While political parties and governments professed to care about first […]

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Physiocrats – The Catalysts of Economic Thought

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Cross Posted from Monmouth University The Physiocrats Ordell P. Olson Assistant Professor of Economics France, at the end of the seventeenth and into the eighteenth century, was gradually going bankrupt. Wars were depleting both the natural and human resources of the country. The need to finance the wars and the court display of nobility was […]

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House prices, not wages, is the bigger issue

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Letters, Australian Financial Review  15 January 2014  p33    Peter Pitt (“High wages force companies to consider offshore options”, AFR January 10) suggests that a lower minimum wage will improve employment retention in Australia. The lower wage countries he uses to support his point include the United States, United Kingdom, New Zealand and Japan.    Of these, […]

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Water – Beneficiary Should Pay

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Letters to the Editor Australian Financial Review LAND BENEFITS The comment by Marcus Spiller (AFR 3-5 January, Our cities should be allowed to water their own green shoots) on why per kl charging for water was better than “property” taxes nicely illustrates what is wrong with the teaching of economics and economic history in Australia. […]

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Marvelous Melbourne, Magical Margins

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    The weighted net annual rate of return on land investment in Melbourne 1880-92 was a remarkably high 34.6 per cent, peaking at 78.3 per cent in 1887, according to a fascinating paper researcher Philip Soos has unearthed Rates of Return on Melbourne Land Investment 1880-92  by doctoral candidate Ron Silberberg[i] of Monash University […]

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https://prosper.org.au/2014/01/