Re: Don't Forget Mises -- and Dump the Third Way!
From: Mark Monson (m_monson_at_ztech.com)
Date: 10/15/04
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Date: Fri, 15 Oct 2004 14:58:28 -0400
"jmh" <j_m_h@cox.net> wrote in message news:SIUad.15095$_g6.4274@okepread03...
> royls@telus.net wrote:
> > On Wed, 06 Oct 2004 23:07:46 -0400, jmh <j_m_h@cox.net> wrote:
> >
> >
> >>Mark Monson wrote:
> > He is the one who gains in return for no contribution whatsoever.
> > What the producer gains from society he can only gain _by_producing_,
> > and only if he pays its full value to a landowner in return for access
> > to it.
>
> That's incorrect. He doesn't contribute to the specific
> item of production but--as a member of the community
> and the network driving the valuations in the markets
> does contribute to that externally derived value.
> The produced item, just as the nonproduced item, also
> reflects the increased value from the social interactions
> present. The market value of Labor is greater in the thicker
> market than in the thinner market. It's not just the land
> that reflects these external influences.
Basically there are two separate ways for rent per capita to rise. Either the rent
curve rises more steeply or the rent curve starts at a higher base rent at the
fringe. There are technological factors such as high rise buildings that tend to
force the rent curve to rise more steeply. There are also technological factors
such as improved communication and transportation that tend to counter that
tendency.
Rent at the fringe increases as the result of greater ability to pay higher rents.
An example is the rise in rents following government farm subsidy increases.
Another example is greater productivity per cap at the fringe. Since rents on all
superior lands rise in comparison with rent at the fringe, a rise in base rents
ratchets up the entire rent curve.
MM
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