Stewardship Economy: Private Property Without Private OwnershipThis book takes a radical approach to the problems of market economies. It doesn't question the role of market mechanisms themselves, or the role of government in regulating the economy and providing public goods. It does however question one of the foundations on which market-based economies are based: the system of property rights. It suggests that the form of private property that works well for the things we make is entirely inappropriate when applied to the natural world. It proposes an alternative - stewardship. The underlying principle of stewardship is that everyone is entitled to an equal share of the wealth of the natural world. In practical terms this means that stewards of land pay a fee that is equal to its market rent. This is used to provide revenue for the government in place of conventional taxes or to provide a Universal Income that is distributed to everybody. |
Contents
My interest in stewardship | 13 |
Current examples | 21 |
STEWARDSHIP IN ESSENCE | 29 |
History | 41 |
STEWARDSHIP IN PRACTICE | 47 |
Environment | 56 |
Economy | 68 |
Distribution of wealth | 78 |
How to make it work | 113 |
Practicalities of transition | 125 |
OPPORTUNITIES AND CHALLENGES | 135 |
What can we do straight away? | 151 |
FURTHER INFORMATION | 167 |
iii | 182 |
Glossary | 187 |
197 | |
Other editions - View all
Stewardship Economy 1: Private Property Without Private Ownership Julian Pratt No preview available - 2021 |
Common terms and phrases
100 per cent agricultural allocated auction banking benefit system buildings capital Citizen’s Income climate change collective Community Land Trusts conventional taxes deadweight loss distributed economic rent efficient electromagnetic spectrum environment Environmental Dividend equal share established stewardship economy example fair fund greenhouse gas house prices impact improvements incentive increase inequalities investment Labour land market Land Stewardship Trust Land Value Taxation landowners living market rent market value natural world negative equity Non-Domestic Business non-renewable resources open access regime organisations owner Owner-occupiers ownership economy payments permits Peter Barnes plot of land political pollution possible private ownership private property rights profits property without private proposal recognise reduce reform rent of land resource rent revenue from stewardship steward stewardship economy stewardship fees subsidy Supplement tradable transition to stewardship transport infrastructure True cost prices Universal Income valuation value of land Value Tax valuer wealth