Dynamic Inefficiency in an Economy with Land
反驳了土地经济中资本过度积累不可能的观点，指出动态无效率的可能性取决于土地收入份额，并考察了美国土地收入份额的历史趋势。
Contrary to the belief that capital over-accumulation is impossible in an economy with land—i.e. a non-reproducible factor of production, this paper shows that the possibility of dynamic inefficiency depends on the income share of land, and examines the historical tendencies of the income share of land in the U.S.