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Article #2736

Re: Theories of underdevelopment

#2736
From: Mark Monson
Date: Tue, 19 Oct 2004 23:38
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"robert j. kolker" <nowhere@nowhere.net> wrote in message
news:2tkvf5F1vngn2U1@uni-berlin.de...
>
>
> Mark Monson wrote:
>
> >
> >
> > Values are proven by trade.
>
> Exactly! And trade consists of choices. Ultimately, there is only
> exchange value or the cost of taking a thing by force.
>
> > In the specific case of the accuracy of land value estimation a few comments are
in
> > order.   Unlike products, locations are fixed in supply.  This means that unlike
> > products, land values are not subject to great fluctuations in value caused by
> > fluctuations in supply.
>
> There is also demand. Care to buy my toxic waste dump from me? The one
> that emits fumes which will cause your wife to have three headed children.
>
> I can render any piece of land value-less in a thrice. With enough
> powdered  plutonium to broacast about the deed is done.
>

That may be but what does it have to do with market rent estimates?

MM
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From: "Mark Monson" <m_monson@ztech.com>
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