 | John Roscoe Turner - Rent - 1921 - 252 pages
...the consequence of the resort to inferior soils), Tucker said, "It is justly remarked by Ricardo that 'corn is not high because a rent is paid, but a rent is paid because corn is high'; but it is equally true that corn is high, not as he supposes, because 'more labour is employed in the... | |
 | Charles Stewart Orwin - Agriculture - 1921 - 152 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.' 1 This theory of rent is interesting as an economic conception which in certain special cases may even... | |
 | John Roscoe Turner - Rent - 1921 - 252 pages
...into the cost that determines price. This thought was cogently expressed b'y Ricardo, "Corn is not y. high because a rent is paid, but a rent is paid because corn is high." Ricardo's theory of value, which required capital to be defined as "stored up labor," has been on the... | |
 | Herbert Albert Silverman - Economics - 1922 - 396 pages
...PRICE, BUT PRICE DETERMINES RENT. This deduction is the result of Ricardo's analysis. He wrote — • "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... | |
 | Sir John Arthur Ransome Marriott - Economics - 1923 - 352 pages
...rent is not a deduction from wages, nor is it (2) an addition to price. ' Corn ', as Ricardo said, ' is not high because a rent is paid, but a rent is paid because corn is high.' If all agricultural rent was abolished by Act of Parliament to-morrow, the abolition would not affect... | |
 | George Findlay Shirras - Debts, Public - 1924 - 714 pages
...low prices of produce, a tax on rent is not a factor affecting that price. " Corn ", says Ricardo, " is not high because a rent is paid, but a rent is paid because corn is high." In the second chapter of his Principles of Political Economy and Taxation he emphasises the fact that... | |
 | Hugh Dalton Baron Dalton - Economics - 1925 - 404 pages
...and has caused much barren controversy, though few would question his practical illustration that " corn is not high because a rent is paid, but a rent is paid because corn is high."4 His theory that wages are based upon a " natural price of labour," which varies with what later... | |
 | Robert Harry Inglis Palgrave, Henry Higgs - Economics - 1926 - 886 pages
...leave no surplus for rent, but merely covers other expenses. To quote the wellknown passage of Ricardo, "Corn is not high because a rent is paid, but a rent is paid because corn is high." A rise in price of produce results in a smaller return being sufficient to remunerate the cultivator... | |
 | Lionel Danforth Edie - Economics - 1926 - 832 pages
...cost of production, and does not enter into the price of the producT of the land. Ricardo said, ' ' 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 labor is the regulator of the price of corn... | |
 | Lionel Danforth Edie, Benjamin Palmer Whitaker - Economics - 1927 - 184 pages
...element of cost of production of the marginal producer of a given commodity ? (d) Ricardo claimed that "Corn is not high because a rent is paid, but a rent is paid because corn is high. ' ' Do you agree ? Why ? 15. "A quarter of an acre of land in the city of Chicago which was bought... | |
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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... 
