 | Langford Lovell Price - Economics - 1891 - 226 pages
...law of diminishing returns. From his theory of rent he draws certain conclusions. The first is that " corn is not high because a rent is paid, but a rent is pai(T"because corn is high-; and it has been justly observed that no reduction would take place in... | |
 | Franklin Monroe Sprague - Socialism - 1892 - 528 pages
...the wages-system. Ricardo unwittingly contradicts himself in his speculations about rent. He says, " Corn is not high because a rent is paid, but a rent is paid because corn is high ; and ... no reduction would take place in the price of corn, although landlords should forego the... | |
 | Economics - 1893 - 828 pages
...price of corn, though landlords should forego the whole of their rent ' is based on the fact that ' the value of corn is regulated by the quantity of...or with that portion of capital which pays no rent : ' and thus it is explicitly independent of the question whether there is any rentless laud. The Duke... | |
 | Russell Montague Garnier - Agriculture - 1893 - 594 pages
...rate of profit obtainable from lands at the margin of cultivation. The important fact follows that corn is not high because a rent is paid, but a rent is paid because corn is high. The admission, however, of foreign produce into the home market would have at once upset such reasoning... | |
 | David Ricardo - Economics - 1895 - 166 pages
...the produc-ll / tion of the last portion obtained, and not because a rent] r is paid to the landlord. The value of corn is regulated by the quantity of...land, or with that portion of capital, which pays ages than they are now ; they produced much less raw produce : nevertheless from all that we can judge... | |
 | Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe - Economics - 1895 - 502 pages
...might not come from no-rent land. The normal cost of a product is regulated by "the quantity of labor bestowed on its production on that quality of land,...with that portion of capital which pays no rent," or, more briefly, " by the productiveness of the portion of capital last employed on the land,"§ entirely... | |
 | Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe - Economics - 1895 - 534 pages
...might not come from no-rent land. The normal cost of a product is regulated by "the quantity of labor bestowed on its production on that quality of land,...with that portion of capital which pays no rent," or, more briefly, " by the productiveness of the portion of capital last employed on the land,"§ entirely... | |
 | Henry Dunning Macleod - Economics - 1896 - 778 pages
...production on that quality of land, or wKi that portion of capital, which pays no Rent. Corn is not hi^i 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 landlords... | |
 | William Smart - Economics - 1899 - 366 pages
...having resort to the poorer qualities. Given these conditions, and the famous conclusion follows : " Corn is not high because a rent is paid, but a rent is paid because corn is high. . . . That corn which is produced by the greatest quantity of labour is the regulator of the price... | |
 | William Smart - Economics - 1899 - 390 pages
...having resort to the poorer qualities. Given these conditions, and the famous conclusion follows : " Corn is not high because a rent is paid, but a rent is paid because corn fs high. . . . That corn which is produced by the greatest quantity of labour is the regulator of 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... 
