This is a reprint of a previously published book. It deals with the effect of 19th century railroad land grants on economic efficiency.
Business & investing
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Lloyd J. Mercer is currently teaching economics at the University of California Santa Barbara. He has both a Ph.D. and M.A in Economics from the University of Washington, a B.S. in Agriculture and a M.A. in Agricultural Economics from Washington State University. He has written extensively on land grants and railroads as well as on general economics topics.