Abstract
The last three chapters examined the relation in which cost of production stands to the income derived from the ownership of the “original powers” of land and other free gifts of nature, and also to that which is directly due to the investment of private capital. There is a third class, holding an intermediate position between these two, which consists of those incomes, or rather those parts of incomes which are the indirect result of the general progress of society, rather than the direct result of the investment of capital and labour by individuals for the sake of gain. This class has to be studied now, with special reference to the value of urban sites.
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© 2013 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Marshall, A. (2013). Marginal Costs in Relation to Urban Values. In: Principles of Economics. Palgrave Classics in Economics. Palgrave Macmillan, London. https://doi.org/10.1057/9781137375261_38
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DOI: https://doi.org/10.1057/9781137375261_38
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-230-24929-5
Online ISBN: 978-1-137-37526-1
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