Land economics

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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,[1] a place had to be found for land. This need was satisfied by creating land economics as a sub discipline in mainstream economics.[2]

  1. Mason Gaffney in The corruption of Economics(1994), pp. 95-96.
  2. Mason Gaffney, in Land and Taxsation, ed. Nicolaus Tideman (1994), pp. 40-41.