Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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RENT 199 soil in our scientific wonderland is of four different qualities, viz., A, B, C, and D, and that A produce 60 bushels an acre, and B, C, and D, 50, 35, and 15 bushels respec tively. Under these conditions, were popula tion very scanty, only a part of land A would be cultivated, and no land of a lower quality, since a sufficiency of food could be obtained without recourse to any inferior land. It goes without saying that, other things being equal, the best land would be occupied first, providing it was known to be the best. In these circumstances no rent, or no appreciable rent, would be paid for land, on the assumption that the whole of the land, or at any rate the whole of the best land, was not in the hands of a monopolist person or group. If it were in the hands of a monopolist, he could insist on some payment for its use, and possibly a high payment, inasmuch as people deprived of all fruits of the earth would be unable to get satisfactory sustenance. In the absence of monopoly, however, no appreciable rent would be possible, if we mean by rent a payment for land and nothing but land. The competition of the owners of plots still untouched, though equal in fertility to those already ministering to the wants of man, would prevent the owners of the

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