What’s the difference between land price and land value?
Hudson on Capital Gains v Rents
Topics: Commentary, Multimedia Tags: Michael Hudson
Posted on Wednesday, April 22nd, 2009
Author:
Karl Fitzgerald 
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2 Responses to “Hudson on Capital Gains v Rents”
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April 22nd, 2009 at 7:11 pm
In one interview, Michael Hudson said he prefers “land price” instead on “land value”, because “value” is something created by labour and production.
April 22nd, 2009 at 10:27 pm
MMM thats the opposite of what theory tells us. I’m positive that if you revisit that interview he would have said land value is preferred as land price incorporates the speculative element. Land value reflects what labour can realistically earn form that location. Land price is what the speculator can extort from the market due to our lax tax system.