Re: Back to the Land Economy

Considering “Land Economy,” we can also understand three dimensions of value – a “LAND Cube” – that Land represents:

1. “Land And Natural-resource Distribution” (utility in efficient allocation of raw material & natural capital);
2. “Location ANd Demographics” (Location values, Access to markets & services, Network effects & infrastructure, Demographic gravity & energy);
3. “Limiting Assets of Natural Development” (Land and land-like phenomena, fundamental means of production that are the limiting factors of all other economic processes).

We tend to compartmentalise all of these values as seperate, but all sets of these elements overlap the ownership and use of any parcel of physical land (although no. 3 also includes money, credit & cultural capital).

Mr. Berry isn’t just talking about efficient allocation of natural resources of course, but about the social capital and demographic networks of vibrant communities; the unofficial “added value” of social infrastructure that runs with the land like an easement on a title deed.