What do early economists argue creates value through good access?

Early economists emphasize the role of transportation in creating value, particularly through the concept of lower transportation costs. When ease of access is enhanced, it enables goods and services to be delivered more efficiently, thus reducing overall costs for businesses and consumers. This reduced cost of transportation can lead to increased economic activity, which subsequently raises property value in areas where access is improved.

Areas that benefit from lower transportation costs tend to attract more businesses and residents, leading to a higher demand for real estate. This demand can result in upward pressure on property prices, but the fundamental reason driving that value increase is rooted in the efficiency and accessibility provided by reduced transportation costs. Enhanced access also encourages land developers to invest in these areas, further promoting economic growth and creating a cycle of increased value tied directly to better transportation networks.