Economic Significance of Land

Abstract

The work is devoted to the study of the shortcomings of the economic theory of land use. The subject of the study of political economy is the search for patterns in acquiring wealth, which should bring benefit and pleasure to both the individual consumer and society as a whole. The theories included in the economic doctrine began to have the status of truth not only for economists, but also for a significant part of the world's population. Thus, political economy began to claim the role of philosophy, shaping the worldview of several generations. However, political economy accepts land use as an eternal right, and has reduced land to the status of an instrument, which does not correspond to God’s instruction to mankind regarding the earth. In this work, a study and comparative analysis of God's biblical regulations on land use, commanded to humanity, was carried out, and concepts about the land of political economic doctrines were presented in accordance with the chronology of their origin.

The methodological basis of the work is the hermeneutic method of cognition and the method of comparative analysis, that allowed us to achieve the goal of this study. The results of the study allow one to see the challenges facing today`s economic science and thereby contribute to its development.