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sixes_and_sevens comments on Open Thread, Jun. 1 - Jun. 7, 2015 - Less Wrong Discussion
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But why are the incentives so? If we know wildly assume everybody has children and they continue their profession, the only they cannot do is sell, rent out or hire people to work it. Are you basically saying something along the lines of short-termism is the default behavior (I would agree with that), and the possibility to exploit in the family long term is not strong enough incentive to counter-act, we also need the other incentives like possibility to sell, rent out or hire others to work it?
That was kinda-sorta true for peasants in the XIII century, it is very very far away from true now. And if you're talking about being unable to hire people, this is just plain silly, small plots of land cultivated mostly as a hobby (it's very hard to support yourself at a reasonable standard of living from a plot of land that only you and your immediate family can work) are economically meaningless in a normal economy (as opposed to e.g. Soviet Russia).