This is an introductory slide show explanation of land’s role in the business cycle.
Wise Words"Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society. ...Pure land rent is in the nature of a 'surplus' which can be taxed heavily without distorting production incentives or efficiency. A land value tax can be called 'the useful tax on measured land surplus'."-Paul Samuelson (1970 Nobel Prize winner)