 | Edward J. Dodson - Social Science - 2002 - 600 pages
...formulated not only a law of diminishing returns but a law that dictated that portion of production "paid to the landlord for the use of the original and indestructible powers of the soi/." 177 His work corrected a number of inconsistencies Smith had fallen victim to... | |
 | Thomas A. Boylan, Tadhg Foley - Business & Economics - 2003 - 324 pages
...is undertaking to explain, it is not that fact which men commonly call 'rent.' According to Ricardo, 'rent' is 'that portion of the produce of the earth...landlord for the use of the original and indestructible powers of the soil.' This portion of the produce of the earth is often confounded with the interest... | |
 | Terry Peach - Economics - 2003 - 370 pages
...capital, labour, wages, and other terms, set up a definition peculiarly their own. 'Rent,' they say, 'is that portion of the produce of the earth which...landlord for the use of the original and indestructible powers of the soil.'20 This description entirely omits what in reality constitutes by far the greater... | |
 | Robert Nadeau - Business & Economics - 2003 - 278 pages
...The following is from the chapter "On Rent" in On the Principles of Political Economy. Rent is the portion of the produce of the earth, which is paid...landlord for the use of the original and indestructible powers of the soil. It is often, however, confounded with the interest and profit of capital, and,... | |
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Rent is that portion of the produce of the earth, which is paid to the landlord for the use of the original and indestructible powers of the soil. 
