h1

Land in the virtual world

November 27, 2006

The Law of Rent predates Henry George, but it was George who first pointed out that with the growth of cities particular lands gain value just because of the surrounding community.

As it turns out, things work pretty much the same way in the “Second Life” virtual world as in the physical one:

Land owners often pay people to hang around their parcel. This increases traffic at their business and consequently increases their rank in Second Life’s search engine.

From Recursive Instruments.

Advertisements

One comment

  1. It’s good to see someone blogging intelligently about land rent, LVT, etc.

    Keep up the good work.

    Trevor



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: