TY  - CHAP
AB  - In “An Austrian Theory of Spatial Land,” Fred E. Foldvary addresses the disregard of spatial issues in basic Austrian economic theory as formulated by Carl Menger (1871) and elaborated upon by Ludwig von Mises (1940). Foldvary shows that Johann Heinrich von Thünen (1826) and Henry George (1879/1884), in particular, serve to fill these gaps in the classical Austrian theory of the market process. Moreover, a theory that incorporates spatial land leads to the conclusion that Austrian business cycle theory is incomplete: The “malspeculation” that accompanies urbanization whenever capital and labor rather than land are the main sources of tax revenue will have to be added to the malinvestment that is caused by expansionary monetary policies.
VL  - 16
SN  - 978-1-78190-006-2, 978-1-78190-007-9/1529-2134
DO  - 10.1108/S1529-2134(2012)0000016003
UR  - https://doi.org/10.1108/S1529-2134(2012)0000016003
AU  - Emanuel Andersson David
ED  - David Emanuel Andersson
PY  - 2012
Y1  - 2012/01/01
TI  - The Spatial Market Process
T2  - The Spatial Market Process
T3  - Advances in Austrian Economics
PB  - Emerald Group Publishing Limited
SP  - ix
EP  - xvi
Y2  - 2024/04/25
ER  -