Economic essays

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Monograph

Identifikator:: 1753623200

URN:: urn:nbn:de:zbw-retromon-136107

Document type:: Monograph

Title:: Economic essays

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1927

Scope:: viii, 368 S.; Ill., graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Land economics / Richard T. Ely

Collection:: Economics Books

LAND ECONOMICS 123 stage the relationships were few. Now we live in an age of com- mercialized agriculture and the relationships are many and varied. We have likewise a vast number of relationships with respect to urban land and other kinds of land. In an address given about three years ago Chancellor David Starr Jordan said this: “Science is human experience tested and set in order.” This is entirely in accord with the idea of science just expressed by the writer. Chancellor Jordan said, further- more, that science had three great purposes: usefulness, the foundation of ethics, and the development of the human mind. Now land economics meets all of these tests. It is most useful as a guide in helping us to utilize the land. It helps us lay the foundation of ethical conduct, and its various ramifications offer every opportunity to train the human mind. It requires the best powers we have. Science wins ever new territory and its scope is constantly expanding. Law and medicine offer illustrations and now land economics has come into being. We can get at this matter of science in this way. If land economics is becoming a science, it should develop a profession to deal with the land, just as we have professions to deal with law and medicine. Dr. Charles F. Thwing, president emeritus of Western Reserve University, has given us permanent and outstanding characteristics of a pro- fession. They are as follows: (1) Money making is regarded as a condition, not as an aim; (2) The sense of brotherhood among the members; (3) Public service; (4) The possession of certain standards for entrance; (5) A body of literature concerning the profession. The real estate business meets these tests and is slowly but gradually becoming a profession. The better men in the business meet all these tests and we have a growing body of literature dealing with the profession. Now that we have discussed land economics as a science, we observe in its evolution the development through specialization and differentiation of new fields as seen in the separate treatment of different kinds of land, of which one of the most important is urban land. Urban land economies includes such topics as causes of urbanization, the location, structure and future of cities, the peculiar characteristics of urban land utilization, public control of urban land utilization including planning and zoning, urban land tenure and tenancy, taxation and valuation. It is strange

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