First Lessons in Political Economy
First Lessons in Political Economy
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In our eReader you can find the full English version of the book. Read First Lessons in Political Economy Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book First Lessons in Political Economy
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In every case, rents are measured up- wards from the no-rent line.
Digitized by Googk POUTIOAL ECONOMY. 203 175. Bent Does Not Form a Part of the Price of Agri- cultural Produce. — From the principles we have already established, we are able to deduce a conclusion which may, at first, be startling to the reader, viz., that rent forms no part of the price of agricultural produce. This surely is a *^hard saying ;^^ but it can be demonstrated as strictly as any theorem in geometry. We know that re...nt forms no part of the price of agricultural produce because that price is determined by the cost of raising it upon lands which pay no rent. How, then, can rent be an element in that price? If the price of wheat is six shillings, this is because, in order to raise the required amount of wheat, cultivation has to be carried down to the six-shilling land. In a word, the price of produce is not high because rent is paid; but rent is paid because the price of produce is high. If there were enough of the two-shilling land to raise all the wheat required, and more, the price of wheat would then be two shillings, and no wheat-land would pay any rent.
What to read after First Lessons in Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Walker, Francis Amasa, 1840-1897. [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In every case, rents are measured up- wards from the no-rent line.
Digitized by Googk POUTIOAL ECONOMY. 203 175. Bent Does Not Form a Part of the Price of Agri- cultural Produce. — From the principles we have already established, we are able to deduce a conclusion which may, at first, be startling to the reader, viz., that rent forms no part of the price of agricultural produce. This surely is a *^hard saying ;^^ but it can be demonstrated as strictly as any theorem in geometry. We know that re...nt forms no part of the price of agricultural produce because that price is determined by the cost of raising it upon lands which pay no rent. How, then, can rent be an element in that price? If the price of wheat is six shillings, this is because, in order to raise the required amount of wheat, cultivation has to be carried down to the six-shilling land. In a word, the price of produce is not high because rent is paid; but rent is paid because the price of produce is high. If there were enough of the two-shilling land to raise all the wheat required, and more, the price of wheat would then be two shillings, and no wheat-land would pay any rent.
What to read after First Lessons in Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Walker, Francis Amasa, 1840-1897. [from Old Catalog] to read onlineMoreLess
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