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Observation that as
cost of production
falls in centralized
rises out of proportion to the
realized in production. Applicable more to bulky and
items such as
, it was suggested by the US
reformer and self-taught
Ralph Borsodi, Jr. (1886-1977) who co-founded the International Independence Institute which rents out
or purchased land as a
never to be sold.
elasticity of d...
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