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" Corn is not high because a rent is paid, but a rent is paid because corn is high... "
Outlines of Political Economy: Being a Republication of the Article Upon ... - Page 121
by John Ramsay McCulloch - 1825 - 188 pages
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The Edinburgh Review, Volume 36; Volume 70

English literature - 1840 - 612 pages
...principle, that' 'corn' (and it is exactly the same with regard to every other agricultural product) ' is not high because a rent ' is paid; but a rent is paid because corn is high : and that no ' reduction would take place in the price of corn, although land' lords should forego...
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THE EDINBURGH REVIEW OF CRITICAL JOURNAL

DAVID WILLISON - 1818 - 572 pages
...that quality of land, or with that portion of capital which pays no rent. Corn is not high bL-cause a rent is paid, but a rent is paid because corn is high ; and it has been justly observed by Mr Malthus, that no reduction would take place in the price of...
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On the Principles of Political Economy, and Taxation

David Ricardo - Economics - 1821 - 560 pages
...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 ;J and it has been justly observed, that no reduction would take place */ in the price of corn, although...
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Encyclopaedia Britannica: Or, A Dictionary of Arts, Sciences, and ...

Encyclopedias and dictionaries - 1824 - 884 pages
...quantity of labour necessary to its production. Rent, it has been demonstrated, does not enter into price. Corn is not high because a rent is paid, but a rent 384 Cottage Sys- ¡s paid because corn is high ; and Mr Malthus has tem* justly observed, that no reduction...
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The Principles of Political Economy: With a Sketch of the Rise and Progress ...

John Ramsay McCulloch - Economics - 1825 - 446 pages
...excess of return over the cost of production on lands of the first quality belongs to a non-resident landlord, or an occupier. It must belong to the one...cultivating soils of a diminished degree of fertility, as compared with the best. Suppose there is an effectual demand for 10 millions of quarters, and that...
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Free Trade, Or an Inquiry Into the Expediency of the Present Corn-laws (etc.)

Alexander Mac-Donnell - Free trade - 1826 - 540 pages
...excess of return over the cost of production on lands of the first quality belongs to a non-resident landlord, or an occupier. It must belong to the one...cultivating soils of a diminished degree of fertility, as compared with the best." — Principles of Political Economy, p. 266. Rent being, consistently with...
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The Pamphleteer, Volume 27

Abraham John Valpy - Great Britain - 1826 - 596 pages
...unintentionally allowed by him in the separation of rent from labor, or general outgoings. In page 62 he says, " 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, although...
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“The” Life of Major-General Sir Thomas Munro, Bart. and K.C.B ..., Volume 2

George Robert Gleig - Chennai (India) - 1830 - 478 pages
...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. No reductions would take place in the price of corn, It is the same thing whether capital is employed...
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The Life of Sir Thomas Munro, Late Governor of Madras: With ..., Volume 2

George Robert Gleig - India - 1830 - 472 pages
...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. No reductions would take place in the price of corn, It is the same thing whether capital is employed...
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Southern Review, Volume 5

1830 - 550 pages
...quantity of labour bestowed on its production on that quality of land which pays no rent. Corn is not bi|h 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...
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