Visual Space
While other forms of public space, such air, earth, and waterways, are frequently topics of discussion, let’s reflect on how much we value our visual space, and how much it contributes to the financial value of an area.
A large portion of disposable income is spent on vacations; much of which is due to particular visual space. Whether it be a particular architecture, bright lights, sea views, mountain views, or other natural scenery, this visual space has a particular value. People pay a premium to live in a home with a pleasing view, and will fight developments that obstruct it. Although preferred visual space is somewhat subjective, consensus is seen in through property values and tourism numbers. Properties with views of a park, waterfront, or mountain, are typically priced at a premium compared with equivalent properties with views of a billboard or side of a building. If a neighbourhood has a few derelict buildings, the value of the rest of the properties also decreases significantly. By contrast, a neighborhood with comparable infrastructure and amenities, but where buildings are immaculate and styled in a widely enjoyed style of architecture, the entire neighbourhood is valued higher. Similar principles can be applied to other aspects of visual space, including public infrastructure, cars, people, and fashion. This is in line with Georgist thinking of space being treated as a public good. Taking examples from other jurisdictions, outdoor billboards would be forbidden under the New Physiocratic platform, as a measure to reclaim our physical space. Regional architectural guidelines, in which partly determine ULT rates, are guided by the same principles.Clothing and housing are unique in that they are basic essentials for living, but also affect the public’s visual space, and can be manifestations of a national/regional culture. Incentives must therefore be in place to promote the use of national and regional architectural styles as well as fashion (particularly clothing fashion of cultural significance).
More economic literature on Economics.Studio
More on the topic Visual Space:
- Visual Space
- Our Space and Health
- Carrying the One Ring in the practice of trade: revelation, tradition, and reality
- The ‘aqd as a craft of place in the space of Islam
- Battle Images, Visual Rhetoric and the Force of Conflict
- Visual perspectives on environment and empire
- Codified Norm
- Some conceptual help from three companions
- Church Interiors: Sacred Space
- One Ring, some daemons, and Jesus Christ: the non-identity (1M) of law and religion
-
Distribution of productive forces -
Economic theory -
General economic issues -
History of economic scientists -
Macroeconomics -
World economy -
-
Conflictology -
Ecology -
Economy -
Finance -
History -
Law -
Medicine -
Philosophy -
Religious studies -