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Miguel Anxo Bastos analyses the characteristics of the land factor (natural resources) and how the Austrian School interprets it within the scope of economic theory. Presentation on July 17 during the XI IJM Summer University in Lanzarote. The Summer University 2016 addresses the philosophical, ethical, legal and economic principles of a society of free and responsible people. This course, which took place on this occasion between July 15 and 22, consists of a week in which attendees and speakers debate, exchange ideas and time and learn about freedom and prosperity in the warm, relaxed and welcoming atmosphere offered by this natural environment. If you want to know what our Summer University is, click here: https://www.juandemariana.org/activities/