Economics Quote by Martin Adams

“Due to its inherently limited supply for each location, land obtains its value from the natural, social, and cultural wealth that exists in its surrounding environment.” quote by Martin Adams — Download Open image

““Due to its inherently limited supply for each location, land obtains its value from the natural, social, and cultural wealth that exists in its surrounding environment.””

Martin Adams

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“In theory, capitalism is an economic system that allows people to freely trade goods and services in a competitive free market. But since the outright ownership of land creates an entry monopoly, it restricts the operation of the free market... Consequently, our current implementation of capitalism is deeply responsible for the exploitation of nature and the decline of social well-being.”

Martin Adams

“What causes recessions? Many economists talk about the need for a consumer economy, but we can't have a consumer economy if people can't afford to consume, and the only way they can afford to consume over the long run is if they create new wealth to either consume at that time or to defer as investments for later consumption. Simply…

Martin Adams

“The ability of individuals to extract wealth from society by profiting from land also leads to cultural degeneration and a loss of social cohesion over time... In general, as the value of land increases, the return on capital tends to decrease comparatively, which discourages business owners from investing in capital goods and private enterprise... Resources flow away from endeavours that…

Martin Adams

“Progressive taxes are inherently flawed in that they fund public services which are often location-dependent, thus adding to the value of owned land. Thus,…

Martin Adams

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“Our inability to share the gifts of nature causes much suffering in the world today... We mistakenly believe that a free market should allow people and corporations to profit from nature, yet we've failed to consider the immense cost to life that occurs whenever people are allowed to reap what they haven't sown at the expense of others. While the…

Martin Adams

“In order for our land contribution model to be complete, we have to consider two more aspects of affordable housing. First, we have to minimise the inequality between tenants and landowners, and second, we have to provide the homeless with guaranteed access to land. Because higher rents are a byproduct of increasing community affluence, tenants get priced out (gentrification). The…

Martin Adams

“Markets are free when human beings have equal opportunities to influence the production and trade of desirable goods and services... Some people attain market control and set market prices due to favourable natural, social or political conditions: They attain a monopoly. The problem with monopolies is that they enable those who have attained them to extract money from society without…

Martin Adams

“The Law of Rent demonstrates that no single human being gives land and location its overall value - its rent. Land values arise from…

Martin Adams

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“It's important to distinguish the value of raw land from the value of improvements made to land. Land values are socially generated and belong…

Martin Adams

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“Economists Mason Gaffney and Fred Harrison claim in their work The Corruption of Economics that industrialists toward the end of the 19th century may…

Martin Adams

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“Tax systems are essentially the mechanisms by which societies decide what people have to share with each other versus what they can keep for…

Martin Adams

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“Broadly speaking, there are only two ways human beings can make an income: ...by contributing to society or they can extract an income from…

Martin Adams

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Our engagement through international economics, trade, these trade agreements, is vital and is linked to our national security. This is a lesson we learned from the '30s, it is a lesson we learned post-World War II, and it plays to our strengths.

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“The free-market economy and globalisation process have brought about, in the late twentieth and early twenty-first century, a sharp and sudden rise in the standard of living and level of awareness of life’s pleasures and luxuries available to the educated and new middle classes, in all countries liberated from the “intelligent design” of totalitarian or semi-totalitarian governments that purported to…

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“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality of the categories and concepts employed by that science, is, in fact, the paradoxical product of a long collective history, endlessly reproduced in individual histories, which can be fully accounted for only by historical analysis: it…

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Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,…

Kevin Rudd

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Having an economy that works for the 99% is achievable.

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“a select group of high-performing companies have managed to close the strategy-to-performance gap through better planning and execution. These companies—Barclays, Cisco Systems, Dow Chemical,…

Michael C. Mankins

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The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those…

Friedrich August von Hayek

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The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.

Frederic Bastiat

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“Economists have a singular method of procedure. There are only two kinds of institutions for them, artificial and natural. The institutions of feudalism are artificial institutions, those of the bourgeoisie are natural institutions. In this, they resemble the theologians, who likewise establish two kinds of religion. Every religion which is not theirs is an invention of men, while their own…

Karl Marx

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