Outline of Lectures Upon Political Economy: Prepared for the Use of Students ...
Outline of Lectures Upon Political Economy: Prepared for the Use of Students ...
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XVI. Shadwell, B. II., c:h. V. Price (a) ch. X. George, B. III., ch II. These authorities practically agree respecting rent, repre- senting the Ricardian doctrine. As opponents of the doctrine, are Rickards, ch. VI. -Carey (a) v. I., ch. IV. E. P. Smith, ch. IV. Thompson, §§ 76— 129. Prof. Perry confounds rent with profit, p. 200, and bases his explanation of the value of laud upon a theory out of harmony with the doc- trine, pp. 190-199.
(a) Rent, in the purely economic sense of the word, comp...rises that portion of the proceeds of agricultural industry, beyond what is necessary to repay the whole cost of production, including farmer's profit. Rent is surplus profit on capital invested upon the land. This surplus profit will never appear, and the question of rent never be clearly understood, until one distinguish sharply between the price paid for land, (usually called invested capital) , and the farmer's cap- ital, or capital applied in working the land. It is only when the entire proceeds of a given piece of land are computed as arising from this latter source, that the surplus profit of agricultural industries is discerned.
What to read after Outline of Lectures Upon Political Economy: Prepared for the Use of Students ...?
You can find similar books in the "Read Also" column, or choose other free books by Henry Carter Adams to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
XVI. Shadwell, B. II., c:h. V. Price (a) ch. X. George, B. III., ch II. These authorities practically agree respecting rent, repre- senting the Ricardian doctrine. As opponents of the doctrine, are Rickards, ch. VI. -Carey (a) v. I., ch. IV. E. P. Smith, ch. IV. Thompson, §§ 76— 129. Prof. Perry confounds rent with profit, p. 200, and bases his explanation of the value of laud upon a theory out of harmony with the doc- trine, pp. 190-199.
(a) Rent, in the purely economic sense of the word, comp...rises that portion of the proceeds of agricultural industry, beyond what is necessary to repay the whole cost of production, including farmer's profit. Rent is surplus profit on capital invested upon the land. This surplus profit will never appear, and the question of rent never be clearly understood, until one distinguish sharply between the price paid for land, (usually called invested capital) , and the farmer's cap- ital, or capital applied in working the land. It is only when the entire proceeds of a given piece of land are computed as arising from this latter source, that the surplus profit of agricultural industries is discerned.
What to read after Outline of Lectures Upon Political Economy: Prepared for the Use of Students ...?
You can find similar books in the "Read Also" column, or choose other free books by Henry Carter Adams to read onlineMoreLess
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