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Chapter 14
Land and Capital
McGraw-Hill/Irwin Copyright ? 2001 The McGraw-Hill Companies,Inc,All rights reserved,
Fixed Land Must Work
for Whatever It Can Earn
T-99
Figure 14-1
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Tax on Fixed Land Is Shifted Back to
Landowners,with Government Skimming
Off Pure Economic Rent
T-100
Figure 14-2
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Present Value of an Asset
T-101
Figure 14-3
McGraw-Hill/Irwin Copyright ? 2001 The McGraw-Hill Companies,Inc,All rights reserved,
Investments Today Yield
Consumption Tomorrow
T-102
Figure 14-4
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Short-Run Determination
of Interest and Returns
T-103
Figure 14-5
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Long-Run Equilibration of the
Supply and Demand for Capital
T-104
Figure 14-6
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Trends in Wages and Profits
in the United States
T-105
Figure 14-7
Source,U.S,Departm nts of Commerc and Labor,