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One of the most outstanding accomplishments of the economic science over the last decades is the development of a sound and coherent theory of economic growth. Research in growth theory has demonstrated that significant and systematic increases in well-being are attainable whenever the right...
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The question of rent in economic theory is rather complicated, even at the level of its definition. This article … attempts to get back to basics in order to clear things up and present a complete and correct theory of rent. Starting with the … classical definition of rent, as an income earned by the owner of non-produced inputs, it clarifies first the definitions of the …
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