Book Description

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. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.