Hudson on Capital Gains v Rents by Karl Fitzgerald | Apr 22, 2009 | Commentary, Multimedia What’s the difference between land price and land value? 2 Comments kjr on April 22, 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. K2 on April 22, 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. Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website This site uses Akismet to reduce spam. Learn how your comment data is processed.