Monthly Archives: June 2007

Land, Time and Value

• Land is the original source of Value.
• Land is productive but scarce.
• Its scarce production value can only be enhanced through human innovation.
• Human Innovation increases with increases in Labor Time.
• Originally, the only Production Cost of Land Value was Labor Time.
• Land Value was originally realized from the essential production of food (hunger), clothing (protection) and shelter (protection).
• Labor Time Costs were paid in food, clothing and shelter.
• Labor Time Costs were stable upon sufficient production of food, clothing and shelter.
• Further developing our Land; our Labor Time produced Extra Land Value or Capital Stock Profits.
• Capital stock profit was originally the accumulation of Extra Land Value.
• Extra Land Value was originally paid in Labor Free Time and/or other Luxuries.
• However, when Land was appropriated to private landlords, our Extra Land Value paid and afforded a Land Rent.

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