Residual, Differential, and Absolute Urban Ground Rents and Their Cyclical Fluctuations
城市土地的剩余、级差与绝对地租及其周期波动
THE OBJECTIONS which have been raised against the fundamentals of the value theory of the classical school of economics hardly ever went so far as to affect the principle upon which the Ricardian explanation of land values was based, viz., the idea that the value of land is not to be explained in terms of cost, but in terms of a residual rent. This idea when developed into its consequences has even facilitated the insight into many value phenomena other than land values.…