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Article #2751Re: Theories of underdevelopment
From: robert j. kolker
Date: Tue, 19 Oct 2004 16:59
Date: Tue, 19 Oct 2004 16:59
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2328 bytes
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. Bob Kolker
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X-Google-Thread: fd5f7,126b743493f22fd3 X-Google-Thread: 10a12a,126b743493f22fd3 X-Google-Thread: 101049,126b743493f22fd3 X-Google-Thread: fb1cb,126b743493f22fd3 X-Google-Thread: 107d03,126b743493f22fd3 X-Google-Attributes: gidfd5f7,gid10a12a,gid101049,gidfb1cb,gid107d03,public X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news1.google.com!news2.google.com!fu-berlin.de!uni-berlin.de!not-for-mail From: "robert j. kolker" <nowhere@nowhere.net> Newsgroups: sci.econ,ny.general,dc.general,seattle.general,la.general Subject: Re: Theories of underdevelopment Date: Tue, 19 Oct 2004 12:59:12 -0400 Lines: 27 Message-ID: <2tkvf5F1vngn2U1@uni-berlin.de> References: <768f7623.0410070553.346b0d71@posting.google.com> <edc9d.9061$x65.7649@trnddc06> <768f7623.0410071613.2d3da9aa@posting.google.com> <4166fb9c.13892742@news.telus.net> <768f7623.0410122241.5888eba3@posting.google.com> <416d8317.13482821@news.telus.net> <768f7623.0410161348.52b18831@posting.google.com> <4172a67f.1778613@news.telus.net> <768f7623.0410180727.103aa8f4@posting.google.com> <41746bd7.33099012@news.telus.net> <2tjbu9F1qe31fU3@uni-berlin.de> <aA7dd.6773$mn5.4735@bignews5.bellsouth.net> Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii; format=flowed Content-Transfer-Encoding: 7bit X-Trace: news.uni-berlin.de lL1iLv+tJBi1Tqr3VauwIQOMp+0u86OsAbdxbE2lTsvXJel9U= User-Agent: Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US; rv:1.4) Gecko/20030624 Netscape/7.1 (ax) X-Accept-Language: en-us, en In-Reply-To: <aA7dd.6773$mn5.4735@bignews5.bellsouth.net>