07/02/2021
Hi. For one of the short lists …
If we're all to get an extra income apart from our labor (or capital), a cornucopia to share is the spending on never-produced land and government-granted privilege. It's trillions in America and a huge part of any economy. The research I did for the US could be replicated most anywhere.
Besides knowing how much is available to share, with a total for the worth of Earth in America, one can gauge the health of the economy now, estimate what phase it is in, and anticipate for how long. Further, the sums suggest that the competition between labor and capital is only half the story, and a consequence of the deeper and more impactful competition between rent winners and rent losers.
Compiled from 900 sources, the quest to know how much we together spend for the nature we use and the privileges we fund represents the next generation of measurement after the BEA’s Larson's noble efforts and those of U Illinois's Albouy. More than a compilation of official stats, Counting Bounty relates mini-histories of economies and of economics. Available https://trineday.com/products/counting-bounty
Meanwhile, Happy Chinese New Year, and all the best. Onward!
How much do we spend on the nature we use? Answer that and you'll know the size of your commonwealth and the coming phase of the economy. Most economists bundle land with capital or leave out land and its rent altogether—and cripple their discipline. "Geonomists", OTOH, forecast the last recession...
