 | Nikolaas Gerard Pierson - Economics - 1902 - 652 pages
...supposing that no rent had to be paid ? EICARDO has expressed himself very decisively on this point., " 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 though all... | |
 | David Ricardo - Economics - 1903 - 946 pages
...last portion obtained, and not because a rent is paid to the landlord. The value of corn is regukted by the quantity of labour bestowed on its production...rent. Corn is not high because a rent is paid, but a cultivated countries. England and France were much more imperfectly cultivated in the middle ages than... | |
 | Charles Gide - Economics - 1903 - 732 pages
...be denied, on theoretical grounds, that this would mean a reduction of the price. 2 Says Ricardo : " Corn is not high because a rent is paid, but a rent is paid because corn is high." The same idea may be expressed by the celebrated formula : Rent is not part of the cost of production.... | |
 | Oliver Joseph Thatcher - Encyclopedias and dictionaries - 1907 - 618 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...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... | |
 | Russell Montague Garnier - Agriculture - 1908 - 592 pages
...profit obtainable from lands at the margin of cultivation. The important fact follows that corn is nob 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... | |
 | Charles Gide - Economics - 1909 - 728 pages
...be denied, on theoretical grounds, that this would mean a reduction of the price. 2 Says Ricardo : " Corn is not high because a rent is paid, but a rent is paid because corn is high." The same idea may be expressed by the celebrated formula : Rent is not part of the cost of production.... | |
 | Rowland Edmund Prothero (Baron Ernle) - Agriculture - 1912 - 530 pages
...increased production, prices rose higher and higher, and carried rents with them. " Corn," says Ricardo, " is not high because a rent is paid ; but a rent is paid because corn is high." In certain circumstances — if the State is landlord, or if landowners could combine for the purpose... | |
 | William Smart - Economics - 1912 - 378 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 |,aid because corn is high. . . . That corn which is produced by the greatest quantity of labour is... | |
 | Hugo Bilgram, Louis Edward Levy - Currency question - 1914 - 580 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...capital, which pays no rent. Corn is not high because rent is paid, but a rent is paid because corn is high (359) ; and it has been justly observed, that... | |
 | Sir Thomas Palmer Whittaker - Land - 1914 - 622 pages
...crop is fixed by the cost of that portion which is raised on the no-rent land.3 As Ricardo put it : " Corn is not high because a rent is paid : but a rent is paid because corn is high." If rent were remitted by the land-owner, the tenant would get the same price for his wheat unless he... | |
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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... 
