05 - Understanding our Political Economy - a chance to begin the world

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Lesson 5 - A Chance to Begin the World Anew

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

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

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

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The Law of Rent and Rising Land Values

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END OF LESSON FIVE

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