Why are house prices in many advanced economies rising faster than
incomes? Why isn't land and location taught or seen as important in
modern economics? What is the relationship between the financial
system and land? In this accessible but provocative guide to the
economics of land and housing, the authors reveal how many of the
key challenges facing modern economies - including housing crises,
financial instability and growing inequalities - are intimately
tied to the land economy. Looking at the ways in which discussions
of land have been routinely excluded from both housing policy and
economic theory, the authors show that in order to tackle these
increasingly pressing issues a major rethink by both politicians
and economists is required.
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