Reply to the Caplan and Gochenour critique of Georgism

Reply to the Caplan and Gochenour critique of Georgism This paper refutes the proposition by Caplan and Gochenour that there is no such thing as natural resources because all goods are produced. Caplan and Gochenour use that proposition to argue against the reform proposal of Henry George and his followers, to replace all taxes with a single tax on land value. The rebuttal to Caplan and Gochenour made by this paper is that the discovery of a resource does not constitute its production. The refutation here argues that entrepreneurship and investment create human capital and capital goods, not natural resources. Discovery is not the same as invention or production. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Reply to the Caplan and Gochenour critique of Georgism

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Publisher
Springer US
Copyright
Copyright © 2013 by Springer Science+Business Media New York
Subject
Economics / Management Science; Public Finance & Economics; Political Science, general; Methodology and the History of Economic Thought
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-013-0243-7
Publisher site
See Article on Publisher Site

Abstract

This paper refutes the proposition by Caplan and Gochenour that there is no such thing as natural resources because all goods are produced. Caplan and Gochenour use that proposition to argue against the reform proposal of Henry George and his followers, to replace all taxes with a single tax on land value. The rebuttal to Caplan and Gochenour made by this paper is that the discovery of a resource does not constitute its production. The refutation here argues that entrepreneurship and investment create human capital and capital goods, not natural resources. Discovery is not the same as invention or production.

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Oct 18, 2013

References

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