Rent in Modern Economic Theory An Essay in Distribution
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In our eReader you can find the full English version of the book. Read Rent in Modern Economic Theory An Essay in Distribution 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 Rent in Modern Economic Theory An Essay in Distribution
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All this everyone admits. But it is held that as soon as all the land in a country has been occupied and put to economic use, further increase in land is for that country impossible. If, however, it is to be accounted an in crease in economic land when a tract of virgin territory is transformed into a cattle range, why should it not be considered a further increase when in consequence of the building of a railroad the same land is converted into fields ? To reply that there is no more land beca...use the number of acres has remained the same would be much like declaring that there is no more capital in a steel rail than in an ingot because the number of pounds is unchanged. If we are to think of capital and labor in units of efficiency, we ought to treat land in the same way. The acre of land which supports a highly inten sive form of cultivation can not in any economic sense 1 Clark, The distribution of wealth, p. 338 etseq.
913] Land as an Independent Factor in Production. 35 be considered as quantitatively equal to one which barely repays the most scanty outlay.
What to read after Rent in Modern Economic Theory An Essay in Distribution?
You can find similar books in the "Read Also" column, or choose other free books by Alvin Saunders Johnson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
All this everyone admits. But it is held that as soon as all the land in a country has been occupied and put to economic use, further increase in land is for that country impossible. If, however, it is to be accounted an in crease in economic land when a tract of virgin territory is transformed into a cattle range, why should it not be considered a further increase when in consequence of the building of a railroad the same land is converted into fields ? To reply that there is no more land beca...use the number of acres has remained the same would be much like declaring that there is no more capital in a steel rail than in an ingot because the number of pounds is unchanged. If we are to think of capital and labor in units of efficiency, we ought to treat land in the same way. The acre of land which supports a highly inten sive form of cultivation can not in any economic sense 1 Clark, The distribution of wealth, p. 338 etseq.
913] Land as an Independent Factor in Production. 35 be considered as quantitatively equal to one which barely repays the most scanty outlay.
What to read after Rent in Modern Economic Theory An Essay in Distribution?
You can find similar books in the "Read Also" column, or choose other free books by Alvin Saunders Johnson to read onlineMoreLess
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