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Land (or in modern terms, location value) has been seen as a means of production along with labor and capital since Adam Smith.
by sooheon 8mo ago
Land (or in modern terms, location value) has been seen as a means of production along with labor and capital since Adam Smith.
- appreciatorBus 8mo agoYes, but back then you could build largely what you wanted to on the land. Now you can’t. The pieces of paper are more limiting than the actual land.
- sooheon 8mo agoYeah not disputing that, just saying it's definitionally wrong to say land "is not the means of production".