Publisher's Synopsis
Excerpt from Railroad Valuation
The present volume is a study in the Economics of Railroads. But it is also a study in the Economics of the Distribution of Income. To this circumstance is due the frequent abbreviation of the argument through the use of the terminology peculiar to that field of the science. The meaning of such terms as differential returns, economic rent, capital goods, and capitalization of income, should, however, be readily apparent from the context. I have aimed to conform my usage to that of Professor F. W. Taussig, in his Principles of Economics.
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