 | John Ramsay M'Culloch - Interest - 1870 - 376 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 degree... | |
 | Henry Dunning Macleod - Economics - 1872 - 730 pages
...into cultivation, because more labour may be profitably employed to produce it." Ricardo says — " The value of corn is regulated by the quantity of labour bestowed on its production or that quality of land, or with that portion of capital, which pays no rent." We say it is exactly... | |
 | Henry Dunning Macleod - Economics - 1872 - 712 pages
...Ricardo says — " The value of corn is regulated by the quantity of labour bestowed on its production or that quality of land, or with that portion of capital, which pays no rent." We say it is exactly the reverse and that — The value of corn indicates the worst quality of land... | |
 | Francis Amasa Walker - Land use - 1883 - 244 pages
...Nothing has happened to affect that demand or that supply. Moreover, why, even in equity, should 1 " Corn is not high because a rent is paid ; but a rent is paid because corn is high." — Ricardo. they pay higher wages ? They have been paying the same wages as the farmers who cultivate... | |
 | David Ricardo, John Ramsay McCulloch - Economics - 1886 - 688 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...production on that quality of land, or with that portion of * Has not M. Say forgotten, in the following passage, that it is the cost of production which ultimately... | |
 | John Kells Ingram - Economics - 1888 - 274 pages
...we have said, regulated by the cost of production of that which pays no rent, it is evident that " corn 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 landlords should forego the... | |
 | Coenraad Alexander Verrijn Stuart - Value - 1890 - 132 pages
...verleent. Wat Ricardo betreft, wijs ik op zijn beroemde uitspraak in zake de grondrentetheone : „ corn is not high , because a rent is paid , but a rent is paid because corn is high" 3). Het doel waarmede Ricardo deze bewering neerschreef (nl den bodem te schrappen als zelfstandig... | |
 | George Gunton - Economics - 1891 - 488 pages
...rent, a low rent, or no rent at all." Adam Smith, " \Vealth of Nations," book i., chapter i., p. 115. "Corn is not high because a rent is paid, but a rent is paid because corn is high." Ricardo, " Political Economy and Taxation," p. 39. See also ibid., pp. 40, 61, 62. " The inhabitants... | |
 | Francis Amasa Walker - Land use - 1891 - 248 pages
...Nothing has happened to affect that demand or that supply. Moreover, why, even in equity, should 1 " Corn is not high because a rent is paid ; but a rent is paid because com is high." — Ricardo. they pay higher wages ? They have been paying the same wages as the farmers... | |
 | George Gunton - Economics - 1891 - 492 pages
...rent, a low rent, or no rent at all." Adam Smith, " Wealth of Nations," book i., chapter i., p. 115. " Corn is not high because a rent is paid, but a rent is paid because com is high." Ricardo, "Political Economy and Taxation," p. 39. See also ibid., pp. 40, 61, 62. "The... | |
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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... 
