On Fri, Sep 25, 2009 at 2:45 PM, Jim Devine <[email protected]> wrote: > raghu wrote: >> That might apply to most commodities, but does that apply to finite >> non-renewables like oil? > > in the case of desirable non-renewables, it's usually true that price >> value. That is, when demand is sufficiently high, the owners of the > non-renewables would receive a "land rent" or a "scarcity rent."
So you garee with me that this analysis would not apply to oil? -raghu. -- Dyslexics of the world, UNTIE! _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
