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Quote by Erasmus Darwin

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The Temple of Nature

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Erasmus Darwin
Erasmus Darwin

Erasmus Darwin was an English physician, poet, and scientist, known for his contributions to the field of medicine and his work in evolutionary theory. He was the grandfather of Charles Darwin, the famous naturalist. more

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“Markets are free when human beings have equal opportunities to influence the production and trade of desirable goods and services... Some people attain market control and set market prices due to favourable natural, social or political conditions: They attain a monopoly. The problem with monopolies is that they enable those who have attained them to extract money from society without providing goods or services of corresponding value. Apart from abolute monopolies, monopolies can also occur when the market is simply closed to new participants because overall supply can't be increased; these are known as entry monopolies.”

Land Economics
Book:Land: A New Paradigm for a Thriving World
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“Land ownership is an entry monopoly: Land is naturally scarce for each location since its supply can't be increased... When people buy a piece of land, their ownership gives them the right to exclude the rest of society from the benefits afforded to them by their land, even though those benefits only arise from nature and from the presence of goods and services that have been provided by that same society in the first place. Buyers pay for exclusive access rights to land and pay only to the previous landowner instead of to all the people who are now excluded from the location privileges that this one particular piece of land provides.”

Land Economics
Book:Land: A New Paradigm for a Thriving World
Create image