Why is Location revered as a real estate strategy, but ignored in economics?

Renegade Economists

The Renegades Podcourse #3: Land is the central tenet of Georgist understanding, but yet our most valuable asset is ignored in economics, ignored in the policy setting - unless it starts to falter. Land represents natural resources above and below us. It also represents land-like assets, that share a similar natural monopoly status. So it is crucial to determining both wealth distribution and societal efficiencies. Let’s dig in deeper. A short clip is included featuring Jacob Schwartz-Lucas on the key ingredient - the law of rent. Show notes.