Construct · 1 fields · 1 citations

Henry George theorem: a standalone construct

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Urban and housing economics

the result that in an optimally sized city, total land rents equal spending on pure local public goods, so a land tax can fund them.

In urban and housing economics, Henry George theorem refers to the result that in an optimally sized city, total land rents equal spending on pure local public goods, so a land tax can fund them. This meaning comes from Arnott (1979) in The Quarterly Journal of Economics.[1]

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References

Arnott, R. J., & Stiglitz, J. E. (1979). Aggregate Land Rents, Expenditure on Public Goods, and Optimal City Size. The Quarterly Journal of Economics, 93(4), 471. https://doi.org/10.2307/1884466

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