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There’s a good moral argument about dividing capital into land and other assets. But I suspect that from an economical efficiency perspective that division is
by CuriousSkeptic 6y ago
There’s a good moral argument about dividing capital into land and other assets.
But I suspect that from an economical efficiency perspective that division is less interesting than between revenue and assets.
- int_19h 6y agoIt's really more about dividing capital into the kind that is "natural" and limited - land, mineral rights, EM spectrum; some would also say copyright and patents - and the kind that is produced by human labor. It's a bit fuzzy in practice.