Land is a central concept not only in the technical sciences and in professions such as engineering, geology, agriculture, and forestry but also in law and in the social sciences. This chapter discusses the economics of land. There exists an ancient and persistent suspicion that land is not just...

An entire economic system cannot be understood unless there is reliable knowledge about both rural and urban sectors, including their interactions. In particular, there are two anomalies that cannot be rationalized satisfactorily by existing economic theory: the decentralizing economic...