On Sep 15, 2:32 pm, "Publius" nospam.comcast.net> wrote:

That's become a pattern with him in this thread.

I'm still waiting for him to answer the question how raw, undeveloped
land can be valuable - sometimes in the millions of dollars. Where's
the "labor" in the value?

On the other hand, I'm concerned about our little Tiny Tim. He's told
us that food is scarce where he lives. Maybe he's undernourished and
he has to spend a lot of his time searching for food, so its difficult
for him to concentrate on the discussion.

Btw, the reason why some land is more valuable than others is in fact
because of scarcity. That's an actual example of the concept applying
in economics. But why? Because you can't produce anymore!

Fred Weiss