Monthly Archives: March 2001

Where Did All the Land Go?

March 25, 2001
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- The Fed’s New Balance Sheet Calculations A Critique of Land Value Statistics The most comprehensive official statistics on nationwide real estate values are those published by the Federal Reserve Board (FRB) in its annual “Balance Sheets of the American Economy.” As part of its Z.1 statistical release the FRB compiles annual balance sheets...

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How to Lie with Real Estate Statistics

March 25, 2001
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The Illusion that Makes Land Values Look Negative – How Land-Value Gains are Mis-attributed to Capital Dr Hudson is President of the Institute for the Study of Long-term Economic Trends, New York. He has specialised in national income accounting, the balance of payments and flow of funds analysis for leading Wall Street finance houses....

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The Economics of Reality: How Finance Dominates Production and Rents Overshadow Profits

March 24, 2001
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The Economics of the Future Wagner’s Music of the Future – his “total art work” – sought to integrate music and drama (along with art, dance and poetry). In a similarly broad way, the economics of the future will integrate finance and production, thereby restoring the lost link (as drama had been lost to...

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