Plural Values of Land: An Empirical Investigation

Abstract

The political economy of our time asserts that value equates to monetary price. This tendency to equate value in terms of monetary price continues in case of the value of land. An understanding of plural values of land encourages us to look beyond monetary price. The article considers two land acquisition cases in India, as a source of empirical data to demonstrate the existence of plural value of land and limitations of monetary price–based valuation theory.