Counting Bounty: The quest to know the worth of Earth

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 to the exact quarter. Counting Bounty highlights a widespread blindspot. Most of us overlook land and its power to twist an economy. Householders typically spend most of their budget on land —bene...