Land and the policies that govern it hold an incredible but largely forgotten power over our lives. When land is wasted and squandered, we get sky-high rents, oppressed workers, ruined businesses, depleted natural resources, a polluted earth, and an impoverished society. Poor land policy is the chief culprit behind sky-high urban rents, homelessness, and endless suburban sprawl. Meanwhile, real estate has become the world’s number one asset class, comprising an ever-growing share of bank loans worldwide. Land is a Big Deal draws on the insights of legendary American economist Henry George to explain how things got this way, as well as what we can do to fix it.
About the author
Noah Smith is an economist and former Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and blogs at a site called Noahpinion.
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