Lars Doucet presents evidence that land is still a major economic factor in modern times, contrary to some economists' claims.
Longer summary
This post, written by Lars Doucet, is the first in a series examining the empirical basis for Georgism. It focuses on whether land is still a significant economic factor in modern times, as some economists argue it isn't. Doucet presents evidence that land is indeed a major economic factor, showing that it represents a large portion of urban real estate value, bank loans, personal assets, and government revenue potential. He also demonstrates that land ownership is highly concentrated among the wealthy, contributing to economic inequality. The post concludes that land is a 'really big deal' in modern economies, contrary to some economists' claims.
Shorter summary