A nitpick about your comment (I agree somewhat with your general point): > a theory about energy bonds cannot be applied to urban real estate That's why capit

A nitpick about your comment (I agree somewhat with your general point): > a theory about energy bonds cannot be applied to urban real estate That's why capitalist thinkers like Smith and Ricardo came up with separate theories for land. See https://en.wikipedia.org/wiki/Law_of_rent https://en.wikipedia.org/wiki/Law_of_rent and https://en.wikipedia.org/wiki/Rack-rent https://en.wikipedia.org/wiki/Rack-rent Now, it's another matter for people in the modern day to actually know about and use these theories, instead of the reductive "land = capital" model...