Debate Magazine

Economies of Scale: The Most Valuable Land There Is.

Posted on the 06 February 2016 by Markwadsworth @Mark_Wadsworth

Here (part 1 of 3) Prof Geoffrey West explains that all biological entities from DNA to cities have evolved from the exploitation of economies of scale (agglomeration effects).
This scaling effect is a Universal Law, hence Land. It gives us aggregate demand, the ability to produce capital, and gives natural resources their value.
Under a system whereby the State gets the majority of its revenue directly from land rents, they would have two explicit priorities. To increase the efficient exploitation of agglomeration effects,  and to compete against privately produced goods and services by providing(regulating) high locational amenity.
Another reason why LVT is as hardcore as Capitalism gets.


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