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Economics According To George (Henry George, that is...)

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--- Quote from: JasonPSorens on June 01, 2006, 10:03:13 am ---
--- Quote from: RalphBorsodi on May 31, 2006, 11:25:35 pm ---
--- 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
--- End quote ---

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

one is subjective and the other is objective.

--- End quote ---

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).

--- End quote ---

this is duplicating the discussion in another thread...


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