ABSTRACT
Land economics has been regarded as a special field of study only within relatively recent years. But many of the problems to which the early anticipators of modern production theory addressed themselves could today be referred to as land economics problems. 1 As a field of concentration, land economics is concerned primarily with the actual use of land resources and the institutions that govern their use. In contrast, production theory constitutes an abstract representation of production as a process or an economic activity. 2 It focuses on the organization of resources, on the functional relationships between these resources and the goods or services they yield, and on the behavior of the producers involved.
