Don’t Shoot the Rabbits! We’ll need to eat them!!
Wednesday, June 4th, 2008
Robert J McAlpine, President Prosper Australia
The time for thinkers on economic matters has come! By neglecting the field of property valuation, mainstream economists have missed some of the most important factors in market price determination
There exists an almost complete chasm of two closely related economic considerations. One dealing with the abstract, which can vary between money market commentators – the other is concerned with the measurement of the market and its value in the marketplace. Each has developed contemporaneously but along separate and independent lines. Their origins were different, one – philosophical speculation, two - judicial and administrative necessity - land valuation backed by the land valuation courts.
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