| Formatted contents note |
Figures, tables and boxes p.xi, Acknowledgements Abbreviations p.xiii, Glossary p.xv, Foreword by Jobn Muellbauer p.xxiii, Chapter 1: Introduction p.1, I.I. What is land? p.3, I.2. What is the value of land? p.6, I.3. Landownership and economic rent p.10, I.4. Summary of chapters p.13, Chapter 2: Landownership and property p.15, 2.I Introduction p.15, 2.2 Landownership: origins of the theory and forms p.16, 2.3 Landownership as freedom: secure title and economic growth p.20, 2.4. Landownership as theft: power and economic rent p.22, 2.5. Hypothesis: property is liberty; property is theft p.25, 2.6 Responses to the ownership paradox p.29, 2.7. Conclusion p.35, Chapter 3: The missing factor: land in production and distribution p.37, 3.I. Introduction p.37, 3.2. Classical political economy: land and economic rent p.39, 3.3. Land tax or separation as a solution to the problem of economic rent p.45, 3.4. Neoclassical economics and the conflation of land with capital p.48, 3.5. Problems with the neoclassical account: fundamental differences between land and capital p.51, 2.6. Political reasons for the disappearance of land from economic theory p.57, 3.7 Land and socialism p.59, 3.8. Consequences of the conflation of land and capital today p.62, 3.9. Conclusion p.64, Chapter 4: Land for housing: land economics in the modern era p.66, 4.I. Introduction p.66, 4.2. The Industrial Revolution and the growth of cities p.68, 4.3. 1900-1970: world wars and the golden age of capitalism p.74, 4.4. 1970 onwards: the emergence of 'residential capitalism' p.86, 4.5 The new political economy of housing p.91, 4.6. Conclusion p.106, Chapter 5: The financialisation of land and housing p.109, 5.I. Introduction p.109, 5.2. House and land prices, income and bank credit p.112, 5.3 Mortgage finance, the lifecycle' model and the role of collateral p.124, 5.4. The history of mortgage and real estate finance in the UK p.128, 5.5. Macroeconomic effects of the liberalisation of mortgage credit p.142, 5.6 The property-credit nexus and financial fragility p.150, 5.7 Conclusion p.185, Chapter 6:Land, wealth and inequality p.161, 6.I. Introduction p.161, 6.2. Trends in economic inequality p.162, 6.3. Traditional explanations for increasing inequality p.165, 6.4 The role of land and economic rent in increasing inequality p.169, 6.5. Why inequality matters p.185, 6.6. Conclusion p.187, Chapter 7: Putting land back into economics and policy p.189, 7.I. Introduction p.189, 7.2 Ownership 193, 7.3. Tax reform p.199, 7.4 Financial reform p.205, 7.5 Reforms to tenure p.212, 7.6. Planning reform p.215, 7.7 Changes to economics and national accounting p.217, 7.8 Conclusion p.221Bibliograp p.225, Index p.245 |
