land

The good ol’ boys clean up

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Fairfax’s Michael Pascoe writes today about Murray & Frijters’ study Clean Money in a Dirty System: Relationship Networks and Land Rezoning in Queensland which found politically connected developers gained $410 million through favourable rezoning decisions in Brisbane in the years 2007-2012. Cameron Murray and Paul Fijters of University of Queensland comprehensively scoured records and assembled […]

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China’s Economic Fundamentals Exposed

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With 8.5% of the Shanghai Composite wiped off on Black Monday, the risky world of speculative capitalism is under the microscope. As Steve Keen reminds us, Chinese private debt was very low post 2008, but debt to GDP has since grown by 80%. A hefty 35% jump in private debt to GDP occurred in 2010, […]

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The freeway to full employment

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LC_24 via Compfight Letter to the Editor Australian Financial Review June 18, 2015 ACCESS TO LAND FOR EVERYONE The member for Eden-Monaro, Dr Hendy, suggests it is “crazy” to change negative gearing or capital gains tax arrangements and  instead we should accept as a “fact of life” that more Australians will become renters, not homeowners (“Renting will […]

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Hudson: Labor Incentives in the Ancient Near East

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Prof Michael Hudson on the Ancient Near East by Renegadeeconomists on Mixcloud 04/01/2015 An interview on the new Michael Hudson book – Labor in the Ancient World, the latest in the series on the Ancient Near East, co-edited with Piotr Steinkeller.  Karl: Welcome to the Renegade Economists with your host, Karl Fitzgerald. This week we’re stepping back […]

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Swing that Cat!

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New Sydney flats will have to be bigger, the NSW Land and Environment Court ruled last week, overturning long accepted common practice allowing minimum one-bedroom unit sizes at 50m2. Dual-aspect flats must be a minimum 58m2 and more common single-aspect flats 73.4m2. Property observers have been watching the steady shrinking of high rise flats with […]

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Land – A New Paradigm

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Martin Adams debut book Land: A New Paradigm for a Thriving World is out today. The book asks what if we lived in a world where everyone had enough? A world where everyone mattered and where people lived in harmony with nature? What if the solution to our economic, social, and ecological problems was right underneath […]

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Stiglitz to Piketty: its the land!

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  Joseph Stiglitz’s recent interview with Lynne Parrymore of the Institute for New Economics demonstrates the difference between land and capital: My paper begins with the observation that in fact, you cannot explain what has happened to the wealth/income ratio by that (Piketty’s) analysis. A closer look at what has gone on suggests that a […]

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Fifty grades of shade: A story of enclosures, power and native title

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By Cameron Murray Romance novels seduce you into feeling for their characters, drawing you into their exhilarating world where eventually, and predictably, the protagonists overcome their seemingly intractable obstacles and are united together. The story of property and power, the fifty grades of shade, unfortunately never reaches such a resolution. This story is much more […]

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Land Banking Profits during a Housing Supply Crisis – Englobo 2014

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Land in Australia should be dirt cheap.  All levels of government must explicitly recognise outstanding access to land for all is a key national advantage that simply cannot be imitated by other countries.  For state governments, close scrutiny of planning and a review of exemptions from State Land Tax are fundamental to reducing land costs. […]

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FIRE sector eats into productivity

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A must read for those interested in Prof Michael Hudson’s commentary on the growing influence of the FIRE sector in rent seeking activities, cross posted from Macrobusiness. By Leith van Onselen Business Spectator’s Rob Burgess made the following keen observation over the weekend on the hidden cost of Australia’s housing obsession, which has damaged Australia’s […]

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