The economist starts from the point that land and buildings are scarce resources and it is essential that they are used as efficiently as possible. This fully revised and updated edition of Jack Harvey's text shows how economic analysis can be applied to economic problems connected with land, in both the private and public sectors, and suggests ways in which the allocation of land resources can be improved. This edition contains new chapters on the impact of finance on the commercial property market, and UK property and the European Union, as well as complete updating of all chapters.