Chalking down the exclusion of land to a mathematical simplification highlights the bad intentions. The importance of real estate wasn't only highlighted in the GFC rather its been the case on and off since 1930s. The common pattern of the neo-classical economics is that whenever there is some benefit to be gained by big corporation it suddenly disappears from the system...like land and money!
Chalking down the exclusion of land to a mathematical simplification highlights the bad intentions. The importance of real estate wasn't only highlighted in the GFC rather its been the case on and off since 1930s. The common pattern of the neo-classical economics is that whenever there is some benefit to be gained by big corporation it suddenly disappears from the system...like land and money!