2min chapter

The Bayesian Conspiracy cover image

170 – By George, The Rent Is Too Damn High!

The Bayesian Conspiracy

CHAPTER

The Main Cause of Land Value Increases Is Productivity

The principal cause of land value increase is the productivity of your neighbors. When you reach the productive limit of the land that is available to you, you seek out more marginal lands. Tech saves labor and wants to make more things means more demand for land because you can't labor without land.

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