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A history of economic doctrines

Note 1197 — Chapter II · : THE THEORY OF RENT AND ITS APPLICATIONS

R. (Robert) Richards translation

Mill thought it impossible to distinguish in individual cases between the surplus value which is due to general circumstances and the surplus that results from the expenditure undertaken by the proprietor. Hence his conclusion that a general tax was the most equitable method of procedure with a view to effecting confiscation.

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