Political economy

Bibliographic data

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

Usage license:: Get license information via the feedback formular.

RENT 201 tuted for any of quality A, it must be at the best that of quality B ; and, therefore, the inferior will have to be substituted for the superior. Such a substitution would not prove profitable until the rent of land A became something greater than what would be lost by evacuating some of A and occupying in its place some of B. Hence rent of land A can be no more than 10 bushels an acre. And, broadly speaking, it can be no less, because the competition of farmers for the better land would force up its annual value until the substitution of land B for land A (in view of the rent of land A) was a matter of indifference. Let us now take a further step in the demonstration and suppose that the demand for the produce of the soil is such that some of land C must be occupied. Then eventually the rent of B would be 15 bushels, the difference between the yield of B, 50 bushels, and the yield of C, 35 bushels ; and the rent of A would be 25 bushels per acre, the difference between its yield, 60 bushels, and the yield of C, 35 bushels. Finally when D, which bears 15 bushels an acre, is tilled, C with a produce of 35 bushels an acre will bear a rent of 20 bushels, that is 35 minus 15. B, with its output of 50 bushels an acre, will earn a rent of 35 bushels, that is 50 minus 15 ; and the rent of

Access restriction

Copyright

fullscreen: Political economy

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation