.

‘The Strange Leveling Off in Land’, Fortune, Oct. 1963, p. 124, which notes (p. 128): ‘True, most US real estate is bought with borrowed money, and the speculative land buyer must pay stiff interest rates, but these will hardly prompt a cut-price sale so long as the land increases in value without a lift of the owner’s finger’.

20 G. D. H. Cole, ‘Capitalism’, A Dictionary of the Social Sciences, editors: J. Gould and W. L. Kolb, London: Tavistock Publications, 1964.

21 ‘We conclude that it is meaningful to distinguish two income shares, which we have termed employment (labour) and property income; that this distinction bears considerable similarity to the Marxian and neo-Keynesian classification of income by class shares, but much less resemblance to neo-classical concepts of “factor shares”.’ J.King and P. Regan, Relative Income Shares, London: Macmillan, 1976, p.14.

22 Matthews, op. cit., p. 93.

23 Ibid., p.273.

24 Ibid., p.61.