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I'm not sure I follow... value is the realocation of wealth? hmm, surely to realocate wealth has some value, but what's the relation between wealth and value?

by bsedlm 4y ago

I'm not sure I follow... value is the realocation of wealth? hmm, surely to realocate wealth has some value, but what's the relation between wealth and value? also, what about rent? what does rent do to wealth? to growth? to value?

mulmen 4y ago
Yes, the reallocated wealth is itself previously captured growth. Value is created from wealth when it is reallocated but while it is held no value is created.