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Wheels of Fortune Fred Harrison

Wheels of Fortune By Fred Harrison

Wheels of Fortune by Fred Harrison


$14.99
Condition - Like New
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Summary

Shows that large scale infrastructure projects can be made self-funding. This book suggests that infrastructure projects bring about a large increase in the value of adjoining land. It argues that a fairer and more efficient means to fund infrastructure projects is to capture and use the increases in land values that they bring.

Wheels of Fortune Summary

Wheels of Fortune: Self-Funding Infrastructure and the Free Market Case for a Land Tax by Fred Harrison

It is often assumed that government intervention is required to bring to fruition large scale infrastructure projects because the large initial capital outlays such projects require must be funded from the public purse. In Wheels of Fortune, Fred Harrison shows that large scale infrastructure projects can be made self-funding. Infrastructure projects almost always bring about a large increase in the value of adjoining land. For example, it is estimated that the London Underground Jubilee Line extension increased adjoining land values by close to GBP3 billion. When such infrastructure projects are funded by government, they therefore involve a substantial transfer of wealth from a large number of taxpayers to a small number of property owners. Harrison argues that a fairer and more efficient means to fund infrastructure projects is to capture and use the increases in land values that they bring.

Additional information

GOR013282371
9780255365895
0255365896
Wheels of Fortune: Self-Funding Infrastructure and the Free Market Case for a Land Tax by Fred Harrison
Used - Like New
Paperback
Institute of Economic Affairs
20060120
144
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
The book has been read, but looks new. The book cover has no visible wear, and the dust jacket is included if applicable. No missing or damaged pages, no tears, possible very minimal creasing, no underlining or highlighting of text, and no writing in the margins

Customer Reviews - Wheels of Fortune