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" The value of corn is regulated by the quantity of labour bestowed on its production on that quality of land, or with that portion of capital, which pays no rent. Corn is not high because a rent is paid, but a rent is paid because corn is high... "
The Life of Sir Thomas Munro, Late Governor of Madras: With Extracts from ... - Page 285
by George Robert Gleig - 1830
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The Edinburgh Review: Or Critical Journal, Volume 30

1818 - 638 pages
...employed in the production of the last portion obtained, and not because a rent is paid to the landlord. The value of corn is regulated by the quantity of...which pays no rent. Corn is not high because a rent b paid, but a rent is paid because corn is high ; and it hag been justly observed by Mr Malthus, that...
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The Edinburgh Review, Volume 36; Volume 70

English literature - 1840 - 612 pages
...principle, that' 'corn' (and it is exactly the same with regard to every other agricultural product) ' is not high because a rent ' is paid; but a rent is paid because corn is high : and that no ' reduction would take place in the price of corn, although land' lords should forego...
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Blackwood's Magazine, Volume 33

England - 1833 - 1006 pages
...better land, if there were no other competitors in the market. " The value of corn," says Ricardo, " is regulated by the quantity of labour bestowed on...or with that portion of capital which pays no rent. Principles of Political £co* nomy. — P. 62. " The value of corn," observes Colonel Thomson, " is...
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THE EDINBURGH REVIEW OF CRITICAL JOURNAL

DAVID WILLISON - 1818 - 572 pages
...employed in the production of the last portion obtained, and not because a rent is paid to the landlord. The value of corn is regulated by the quantity of...portion of capital which pays no rent. Corn is not high bL-cause a rent is paid, but a rent is paid because corn is high ; and it has been justly observed...
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On the Principles of Political Economy, and Taxation

David Ricardo - Economics - 1821 - 566 pages
...employed in the production of the last portion obtained, and not because a rent is paid to the landlord. The " value of corn is regulated by the quantity of...rent is paid, but a rent is paid because corn is high ; and it has been justly observed, that no reduction would take place in the price of corn, although...
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Encyclopaedia Britannica: Or, A Dictionary of Arts, Sciences, and ...

Encyclopedias and dictionaries - 1824 - 884 pages
...quantity of labour necessary to its production. Rent, it has been demonstrated, does not enter into price. Corn is not high because a rent is paid, but a rent 384 Cottage Sys- ¡s paid because corn is high ; and Mr Malthus has tem* justly observed, that no reduction...
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Outlines of Political Economy: Being a Republication of the Article Upon ...

John Ramsay McCulloch - Economics - 1825 - 204 pages
...quality belongs to anon-resident landlord, or an occupier. It must belong to the one or the other. .Corn is not high because a rent is paid, but a rent is paid because corn is high — because the demand is such that it cannot be supplied without cultivating soils of a diminished...
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The Principles of Political Economy: With a Sketch of the Rise and Progress ...

John Ramsay McCulloch - Economics - 1825 - 446 pages
...quality belongs to a non-resident landlord, or an occupier. It must belong to the one or the other. Corn is not high, because a rent is paid, but a rent is paid because corn is high — because the demand is such, that it cannot be supplied without cultivating soils of a diminished...
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The Pamphleteer, Volume 27

Abraham John Valpy - Great Britain - 1826 - 596 pages
...unintentionally allowed by him in the separation of rent from labor, or general outgoings. In page 62 he says, " Corn is not high because a rent is paid ; but a rent is paid because corn is high : and it has been justly observed, that no reduction would take place in the price of corn, although...
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Free Trade, Or an Inquiry Into the Expediency of the Present Corn-laws (etc.)

Alexander Mac-Donnell - Free trade - 1826 - 540 pages
...quality belongs to a non-resident landlord, or an occupier. It must belong to the one or the other. Corn is not high because a rent is paid, but a rent is paid because corn is high — Because the demand is such, that it cannot be supplied without cultivating soils of a diminished...
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