Richard J. Arnott
Queen's University, Canada
The Henry George Theorem – that in cities of optimal size aggregate land rents equal expenditures on public goods – holds under three conditions: (i) for all large economies in which (ii) the spatial distribution of economic activity is Pareto optimal and in which (iii) differential land rents are well defined.
Aggregate Land Rents, Expenditure on Public Goods, and Optimal City Size
Land Value Tax