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Joe Polito
Sep '24 •
General discussion
Robert Solow and Steve's comments about his regrets
An example of that would be the following. He recognized that privatizing land has been associated with rent extraction and inequality
Open letter to Gorbachev
On November 7, 1990, an open letter to then
President of the Soviet Union
Mikhail Gorbachev
was published
[1]
[2]
and signed by a rank of thirty Western sources, most of whom were academics.
[3]
[4]
The contents of the letter made the argument to the Soviet head of state that while moving the
economy
away from a
centrally planned system
towards a free market
mixed economy
was a step forward, they warned the leader against following through with the West had done following the end of feudalism; privatising the land itself, instead opting towards a
Georgist
system of
common ownership
and the collection of public revenue through
land-value taxation
.
[3]
[4]
Nobel prize
-winners
Franco Modigliani
,
James Tobin
,
Robert Solow
and
William Vickrey
were among the letter's signees.
[2]
Open letter to Gorbachev - Wikipedia
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Robert Solow and Steve's comments about his regrets
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