Die politische Ökonomie des Rentners

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Monograph

Identifikator:: 1727871073

URN:: urn:nbn:de:zbw-retromon-105553

Document type:: Monograph

Author:: Bucharin, Nikolaj Ivanovič http://d-nb.info/gnd/118516574

Title:: Die politische Ökonomie des Rentners

Place of publication:: Wien

Publisher:: Verl. für Literatur und Politik

Year of publication:: 1926

Scope:: [2] Bl., 194 S.

Digitisation:: 2020

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: II. Kapitel. Die Werttheorie

Collection:: Economics Books

212 POLITICAL ECONOMY Doses of labour and capital of £5 each. 1 2 3 4 5 6 Value of total returns at constant price. £7 . . £16 .. £24 .. £30 .. £35 .. £39 .. Value of marginal returns. .. £7 .. £9 .. £8 .. £6 .. £5 .. £4 Five doses will be applied, as the marginal return for five doses of £5 each is £5 : the application of a sixth dose would cause loss. The total earnings of the farmer and his agents in production will be five times £5, or £25. The value of the aggregate return is £35. Hence the rent is £35 less £25, that is £10. Two corollaries may be deduced from this demonstration. The one is that, other things being equal, the most favourably situated land will be worked the most intensively. The other is that more doses of labour and capital will be applied in making use of the more favourably situated building sites than in making use of the less favourably situated ones. In proof it is sufficient to point to the high and costly buildings in the centres of large towns. My next purpose must be to indicate that the

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