Comment by sooheon
10 days ago
Land (or in modern terms, location value) has been seen as a means of production along with labor and capital since Adam Smith.
10 days ago
Land (or in modern terms, location value) has been seen as a means of production along with labor and capital since Adam Smith.
Yes, 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.
Yeah not disputing that, just saying it's definitionally wrong to say land "is not the means of production".