tag:blogger.com,1999:blog-14858768.post116942151414936662..comments2023-02-15T20:06:13.584+08:00Comments on Rational Choice: Impact of land reform: neoclassical perspectiveRoehlanohttp://www.blogger.com/profile/04018109135738021378noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-14858768.post-38145996779769855422007-04-21T06:43:00.000+08:002007-04-21T06:43:00.000+08:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14858768.post-1170112112359174842007-01-30T07:08:00.000+08:002007-01-30T07:08:00.000+08:00I am assuming that the two predictions were arrive...I am assuming that the two predictions were arrived at by some form of empirical evidence.<BR/><BR/>Thus, looking forward to the rationale of the other side.Amadeohttps://www.blogger.com/profile/00040096079637569742noreply@blogger.comtag:blogger.com,1999:blog-14858768.post-1169722509865084402007-01-25T18:55:00.000+08:002007-01-25T18:55:00.000+08:00That's the theory. The reality of course is differ...That's the theory. The reality of course is different. The suggestion of taxing economic rent is often made, and is the solution if it can be implemented. In practice political resistance and other difficulties has often thwarted implementation of such taxes.Roehlanohttps://www.blogger.com/profile/04018109135738021378noreply@blogger.comtag:blogger.com,1999:blog-14858768.post-1169427462956521482007-01-22T08:57:00.000+08:002007-01-22T08:57:00.000+08:00Neoclassical theory concludes that the way the mar...<I>Neoclassical theory concludes that the way the market allocates resources, such as land, is efficient. </I><BR/><BR/>Not if all the land is owned by a few absentee monopolists and speculators, who keep it out of production in the hope of reaping speculative gains.<BR/><BR/>Of course, "land reform" is no solution to this issue. The proper solution is to tax the economic rent, so that the inefficient monopoly is broken down by the free market.Anonymousnoreply@blogger.com