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Understanding our Political Economy

Lesson Five delves into the concept of subsistence and land allocation, emphasizing the importance of fairness and the Law of Rent in shaping our political economy. By ensuring each family has sufficient land resources, we aim to create a more equitable society with rising land values.

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Understanding our Political Economy

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  1. Understanding our Political Economy LESSON FIVE A Chance to Begin the World Anew

  2. Subsistence requires 60 units of goods annually • Enough land is allocated to each family to produce 100 units of goods

  3. SOLUTION: Each family gets enough land to account for differences in advantages provided by nature

  4. The Law of Rent and Rising Land Values

  5. END OF LESSON FIVE

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