I can hardly believe this from an acquaintance
"I've been in dialogue with a professor of land economics at Cambridge
past 2 weeks. Astonishing, he did not understand the nature of economic
rent! This embarrassed him and he tried to pretend he did know but it
was too late and I could not rescue the situation. I got a load of dodgy
excuses and accusations and now he is blanking me. I'm really annoyed
with myself for not spotting it early enough."
His predecessor was Donald Denman who knew all about it. I would have
thought you were starting from a reasonable assumption. They should pick
up some beggar off the street and give him the professor's job. Beggars
know about location value.
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