Land economics concerns itself with the study of land use, natural resources, public utilities, housing, and urban land issues.
In political economy land was treated as a factor of production without being relegated to a sub-discipline.
Since land cannot be entirely ignored, during the development of neoclassical economics, in the first thirty decades of the twentieth century, a place had to be found for land. This need was satisfied by creating land economics as a sub discipline in mainstream economics.
- Mason Gaffney in The corruption of Economics(1994), pp. 95-96.
- Mason Gaffney, in Land and Taxsation, ed. Nicolaus Tideman (1994), pp. 40-41.