One interesting thing is that many collegues do not make differences between
tradables and nontradables. which in small countries you coud use a rule of
6:4 in termes of prices. So it is very difficult to estimate elasticities
accordingly with Marshall-Lerner conventions, since the price you are
No, the whole rationale for taxing land value is that it does not
matter what the site owner does with the land.
What you are proposing is a kind of capital tax. I do not have
anything against it, but your face the economic consequences of
taxing capital.
No, because land is not capital.
Well Physics has been attempting a comparable feat in Unified Field Theory,
linking Quantum Mechanics and Einsteinian Macro-Level Physics for years, so
good luck Economists!
-Original Message-
From: Fred Foldvary [mailto:[EMAIL PROTECTED]]
Sent: Friday, November 02, 2001 8:58 AM
To:
Not as much as you think. Of course, if you go to a completely
unchallenging school your chance for a top grad school will drop.
But grad school committees have pretty good information on their
hands when it comes to econ: math grades, math GRE, econ subject GRE.
They also have letters of rec.
