14348Re:Total land rent?
- Nov 15, 2012--- In LandCafe@yahoogroups.com, "k_r_johansen" <kjetil.r.johansen@...> wrote:
> --- In LandCafe@yahoogroups.com, "jdk_maryland_atty" <jdkromkowski@> wrote:The Austrians are married to their brain-dead subjective theory of value. Some have actually told me that as the owner of the land clearly values it more than anyone else, it's value comes from HIM, not from nature, government spending, or the community!
> > JDK: My point was more esoteric. Market value is what a reasonable and willing buyer and a reasonable and willing seller would agree to. It is a kind of myth which we use because there is no actual true value. So we all have to understand that there is a process of estimation going on.<
> I've seen some Austrians make that argument against LVT.
-- Roy Langston
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