Michael is interviewed on the Real News Network. History teaches…
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Real Estate and Georgism
Why America Had A 90% Income Tax
Adam Smith critiques the Deficit Reduction Commission
What would Adam Smith have said about the Bowles-Simpson economic report last week? What a pity the great free marketer was not around to serve on the Deficit Reduction Commission. He not only would have rolled over in his grave, he would have risen up wielding an ax to the fiscal proposals that are...
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Henry George’s Political Critics
Henry George’s Political Critics, in American Journal of Economics and Sociology 67 (January 2008), pp. 1-46.
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Whats Missing from the Capital Gains Debate?
Whats Missing from the Capital Gains Debate? Real Estate and Capital Gains Taxation (pdf), with Kris Feder (Levy Institute Working Paper 17, 1997)
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Real Estate and the Capital Gains Debate
Real Estate Capital Gains Debate (pdf)(Levy Institute Public Policy Brief 32, 1997)
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The Methodology of Real Estate Appraisal: Land-Residual or Building-Residual, and their Social Implications
NYU Real Estate Institute’s Round Table Discussion of Land- and Building-Price Indices A meeting was held at New York University’s Real Estate Institute on October 25 to discuss the virtues and pitfalls of constructing a land-price index to distinguish between land and building values. The Institute’s Associate Dean Ken Patton had invited Michael Hudson...
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The Land-Residual vs. Building-Residual: Methods of Real Estate Valuation
Some Prefatory Remarks to the N.Y.U. Real Estate Institute discussion, Oct. 25, 2001 Economic theory focuses on labor and capital, yet the largest category of tangible assets is not industrial plant and machinery earning profits, but real estate, and its primary objective is to make capital gains. Most new entries into the Forbes or...
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Where Did All the Land Go?
- 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
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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Books by Michael Hudson
