Land economics

Land economics concerns itself with the study of land use, natural resources, public utilities, housing, and urban land issues.

In political economy land was treated as a factor of production without being relegated to a sub-discipline.

Since land cannot be entirely ignored, during the development of neoclassical economics, in the first thirty decades of the twentieth century, a place had to be found for land. This need was satisfied by creating land economics as a sub discipline in mainstream economics.