| The leasing of land and natural resources would also provide enough state revenue to make income taxes unnecessary, allowing a worker to invest his savings and become 'an owner or capitalist at the same time that he remains a worker | Socialism, in Walras's view, entailed state ownership of land and natural resources and the abolition of income taxes |
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| As owner of land and natural resources, the state could then lease these resources to many individuals and groups which would eliminate monopolies and thus enable free competition | House Of Commons May 4th; King's Theatre, Edinburgh, July 17• The Pure Theory of Capital |
Econ Journal Watch, Volume 3, Number 3, September 2006, pp.
| Markets in the name of Socialism: The Left-Wing origins of Neoliberalism | Backhaus, "Henry George's Ingenious Tax," pp |
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| The World Transformed: 1945 To The Present | Markets in the name of Socialism: The Left-Wing origins of Neoliberalism |
For Walras, socialism would provide the necessary institutions for free competition and social justice.
2.