Astral Codex Ten

Tideman

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Tideman

Article

Tideman is a recurring person in the Astral Codex Ten archive, appearing 2 times across 2 issues between December 09, 2021 and December 10, 2021. The archive places it in contexts such as “that puts us just over Tideman’s estimate but short of Smith’s final value”; “eye-popping quote from Tideman’s paper , section 3.7.1, “The Financial Sector""; “Concerning New Zealand specifically, Tideman, et al. says that today over half the share of non-produced assets for households is due to land”. It most often appears alongside Australia, Fortress Of Doors, Georgism.

Metadata

  • Category: People
  • Mention count: 2
  • Issue count: 2
  • First seen: December 09, 2021
  • Last seen: December 10, 2021

Appears In

Source Context

Recovered passages from the original issue text. When the raw archive preserved outbound links inside the source passage, they are listed directly under the quote.

Does Georgism Work? Part 1: Is Land Really A Big Deal?
December 09, 2021 · Original source
The data points for Foldvary, Smith, Tideman, Gaffney and Cord all come from Counting Bounty. Smith gives his own estimate of $44 trillion and notes an estimate of $31 trillion that Nicolaus Tideman sent him via private correspondence.
Interestingly enough, that puts us just over Tideman's estimate but short of Smith's final value by about $11T. The USDA tells us the average value of farm land was $3,160 / acre in 2020. Multiply that by 896.6 million acres and you get $2.8 trillion dollars. Smith further cites Richard Ebeling, who in 2015 estimated the value of all of the federal government's holdings in land and mineral reserves at $5.5 trillion dollars. Smith applies an extrapolation to update this value to 2020, putting it at $6.6 trillion.
Inline links: $3,160 / acre in 2020, 896.6 million acres, $5.5 trillion dollars
Nevertheless, there's strong evidence that public spending on non-"pure public goods" raises land values too, just perhaps not to the same degree. I contacted Nicolaus Tideman, who tells me that a variant of the HG Theorem for non-pure-public-goods holds that "the combination of land value increases and charges equal to marginal cost will finance these expenditures." However, "neither theorem applies if people have different tastes or if benefits do not decline with distance." I think what he's saying is that most public works can be funded entirely by the increases in land value they generate, supplemented with modest user fees. I also think he's saying it depends on what kind of public work it is. If you spend public money on a truly hideous art installation that o
Inline links: raises land values too
Does Georgism Work? Part 2: Can Landlords Pass Land Value Tax on to Tenants?
December 10, 2021 · Original source
We've already shown in Part I that it can't be that land's importance in the economy has declined since the 19th century. Concerning New Zealand specifically, Tideman, et al. says that today over half the share of non-produced assets for households is due to land.
Inline links: Tideman, et al.