Land (economics)
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In
Factor of production
Land is considered one of the three
Ownership
Because no man created the land, it does not have a definite original proprietor, owner or user.[4]
No man made the land. It is the original inheritance of the whole species.
As a consequence, conflicting claims on geographic locations and mineral deposits have historically led to disputes over their economic rent and contributed to many civil wars and revolutions.
In the context of geographic locations the resulting conflict is regularly understood as the
).Addressing the land question
Land reform
Land reform programs are designed to redistribute possession and/or use of geographic land.
Georgism
Significance
Land plays an important role in advanced economies. In the UK the "non-produced asset of land" accounts for 51% of the country's total net worth,[8] implying that it plays a more important role in the economy than capital.
Academic
Some United Kingdom and commonwealth universities offer a courses in land economy, where economics is studied alongside law, business regulation, surveying and the built and natural environments.[9][10][11] This mode of study at Cambridge dates back to 1917 when William Cecil Dampier suggested the creation of a school of rural economy at the university.[12]
Accounting
As a tangible asset land is represented in accounting as a fixed asset or a capital asset.
Sustainability
The sustainable use of land is the focus of some economic theories.[13]
See also
References
- ^ "Land - economics". britannica.com.
- ^ ISBN 978-0-07-351129-0.
- ISBN 978-1786991188.
- ^ Mill, John Stuart (1848). The Principles of Political Economy. Book 2, Chapter 2, §6. Archived from the original on September 14, 2009.
- ^ Christophers, Brett (2019-04-18). "England's new enclosures: why questions of land ownership are entering the political mainstream". Retrieved 2019-05-01.
- ^ Ramaphosa, Cyril (2018-08-23). "Land reform in South Africa is crucial for inclusive growth". Financial Times. Archived from the original on 2022-12-10. Retrieved 2019-05-01.
- ^ Hunter, Troy (2017-01-30). "Opinion: The land question should be a matter of concern". Vancouver Sun. Retrieved 2015-09-02.
- ^ "The UK national balance sheet estimates: 2017". Office for National Statistics. 2018-08-01. Retrieved 2019-05-01.
- ^ "Land Economy Undergraduate Prospectus". Archived from the original on 2009-09-12. Retrieved 2009-05-04.
- ^ "Land Economy - Rural Surveying - Postgraduate Taught Degrees - Study Here - The University of Aberdeen". www.abdn.ac.uk. Retrieved 2019-11-16.
- ^ (http://www.hydrant.co.uk), Site designed and built by Hydrant (30 July 2013). "Commonwealth Association of Surveying and Land Economy (CASLE) - The Commonwealth". thecommonwealth.org.
- ^ "A brief history of Land Economy — Department of Land Economy". www.landecon.cam.ac.uk.
- ^ "Rethinking the Land Economy: Keeping 1.5°C in Sight by Bernice Lee". Hoffmann Centre for Sustainable Resource Economy.
Further reading
- Anthony C. Fisher (1987). "Natural resources," The New Palgrave: A Dictionary of Economics, v. 3, pp. 612–14.
- João Pedro Galhano Alves (2009). "The artificial simulacrum world. The geopolitical elimination of communitary [sic] land use and its effects on our present global condition", Eloquent Books, New York, USA, 71 pp.
- Pierre Coulomb (1994). "De la terre à l’état: Eléments pour un cours de politique agricole", ENGREF, INRA-ESR Laboratoire d’Economie des Transitions, Montpellier, France, 47 pp.