Abstract
Undeveloped land, or ‘pure’ land, refers solely to natural resources and space. Thus land as a whole, i.e. the earth’s land surface, can be regarded as being fixed in supply. Increasing such land by reclamation from the sea involves so much investment of capital that it is more appropriate to view it as an addition to capital goods rather than to land.
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Further Reading
R. Barlowe, Land Resource Economics (Englewood Cliffs, N.J.: Prentice-Hall, 1958) ch. 6.
J. Harvey, Modern Economics, 3rd edn (London: Macmillan, 1977) ch. 18.
J. Harvey and M. K. Johnson, Introduction to Macro-economics (London: Macmillan, 1971) ch. 10.
M. Newell, An Introduction to the Economics of Urban Land Use (London: Estates Gazette, 1977) ch. 15.
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© 1981 J. Harvey
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Harvey, J. (1981). The Pricing of Land and Land Resources. In: The Economics of Real Property. Palgrave, London. https://doi.org/10.1007/978-1-349-86070-8_4
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DOI: https://doi.org/10.1007/978-1-349-86070-8_4
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