 | Sir Thomas Palmer Whittaker - Land - 1914 - 616 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... | |
 | Edwin Griswold Nourse - Agriculture - 1916 - 934 pages
...not because a rent is paid to the landlord. The value of corn is regulated by the quantity of labor bestowed on its production on that quality of land,...is paid, but a rent is paid because corn is high; and no reduction would take place in the price of com, although landlords should forego the whole of... | |
 | Edwin Griswold Nourse - Agriculture - 1916 - 936 pages
...required renders it necessary to carry on their production. of corn is regulated by the quantity of labor bestowed on its production on that quality of land,...or with that portion of capital which pays no rent. Com is not high because a rent is paid, but a rent is paid because com is high; and no reduction would... | |
 | Henry Clay - Economics - 1916 - 504 pages
...corollary is drawn that rent does not enter into the cost of production. " Corn," in Ricardo's words, "is not high because a rent is paid, but a rent is paid because corn is high ; and it has been j ustly observed that no reduction would take place in the price of corn, although... | |
 | Rowland Edmund Prothero Baron Ernle - Agriculture - 1917 - 534 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... | |
 | Henry Clay - Economics - 1918 - 502 pages
...corollary is drawn that rent does not enter into the cost of production. " Corn," in Ricardo's words, " is not high because a rent is paid, but a rent is paid because com is high; and it has been justly observed that no reduction would take place in the price of corn,... | |
 | David Ricardo - Economics - 1919 - 530 pages
...employed in the production of the last portion obtained, a,nd not because a rent is paid to the landlord. The value of corn is regulated by the quantity of...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... | |
 | David Ricardo - Economics - 1919 - 526 pages
...produc- f^^ !| tion of the last portion obtained, and not because a rent is >1 paid to the landlord. The value of corn is regulated by / • the quantity...quality of land, or with that portion of capital, which pay$ no rent. Corn is not high because a rent is paid, but a-| cultivated countries. England and France... | |
 | John Roscoe Turner - Economics - 1919 - 678 pages
...does not enter into the cost that determines value. This thought was cogently expressed by Ricardo: "Corn is not high because a rent is paid, but a rent is paid because corn is high." 8. Bases of Criticism. — The labor-cost theory of price, requiring, as it does, capital to be denned... | |
 | Milton Briggs - Economics - 1921 - 552 pages
...paradoxical at first sight. " The value of fnterlnto"°* corn is regulated by the quantity of labour Price. bestowed on its production on that quality of land,...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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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... 
