LAND AS A FINANCIAL ASSET: THE THEORY OF URBAN RENT AS A MIRROR OF ECONOMIC TRANSFORMATION*

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  • *

    Earlier versions of this paper were presented at the Symposium of the Nordisk Sommer Universitet in Stockholm, February, 1987, and at the ‘Technology, Restructuring and Urban-Regional Development’ Conference, organized by the Interuniversity Centre of Postgraduate Studies, Dubrovnik, 25–30 June 1987. I would like to thank Uskali Mäki, Neil Smith and two anonymous refeerees for their valuable comments and Joe Doherty for editing my paper.

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