Matthew Yglesias is at it again with a new Georgist inclined article in Slate magazine.
“Classical economics had three factors of production—labor, capital, and land. Contemporary economists normally treat land as simply a form of capital. This is mostly the pattern Thomas Piketty follows in his important new book Capital in the 21st Century. But as Karl Smith writes, many of Piketty’s findings about “capital” seem like they may mostly be findings about land.”