Land

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In economic theory, land is one of the three factors of production. The other factors are labour and capital.

Alongside labour land is also recognised by most(? Samuelson uses the phrase often called, pp. 50) economists as a primary factor.[1]

However, the Chicago School of economic thought seems to have been founded (and funded by J. D. Rockefeller) to eliminate the notion of land altogether from economics not to simly make it rank equal with the other two classical factors.[2]








  1. Samuelson and Nordhaus Economics, (1989).
  2. Mason Gaffney in The Corruption Of Economics (1994) pp. 117-112.