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.
