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Author Topic: Economics According To George (Henry George, that is...)  (Read 30435 times)

RalphBorsodi

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Re: Economics According To George (Henry George, that is...)
« Reply #135 on: June 02, 2006, 12:05:03 am »

Quote
Almost all the difficulties we have mentioned, however, stem from the fact that no such distinction can be drawn with any degree of certainty

you would think that Hayek would know the difference personal utility values and a market valuation...

one is subjective and the other is objective.

But we can never know what the market valuation of a totally unimproved piece of land is, b/c there is no market for such pieces of land (they don't exist, except maybe in Antarctica).

this is duplicating the discussion in another thread...
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