Public Policy: A Treatise on Differential Political Economy

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Prometheus Publishing Company, 1916 - 176 стор.
 

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Сторінка 140 - If, then, good land existed in a quantity much more abundant than the production of food for an increasing population required, or if capital could be indefinitely employed without a diminished return on the old land, there could be no rise of rent; for rent invariably proceeds from the employment of an additional quantity of labour with a proportionally less return.
Сторінка 142 - A greater number of people cannot, in any given state of civilization, be collectively so well provided for as a smaller The niggardliness of nature, not the injustice of society, is the cause of the penalty attached to over-population. An unjust distribution of wealth does not even aggravate the evil, but, at most, causes it to be somewhat earlier felt.
Сторінка 87 - The rent of land is determined by the excess of its produce over that which the same application can secure from the least productive land in use.
Сторінка 143 - It is in vain to say that all mouths which the increase of mankind calls into existence bring with them hands. The new mouths require as much food as the old ones, and the hands do not produce as much. If all instruments of production were held in joint property by the whole people, and the produce divided with perfect equality among them, and if in a society thus constituted, industry were as energetic and the produce as ample as at the present time, there would be enough to make all the existing...
Сторінка 78 - The Census Bureau classifies as urban population that residing in cities and other incorporated places of 2,500 inhabitants or more, including New England towns of that size.
Сторінка 88 - Thus wages and interest do not depend upon the produce of labor and capital, but upon what is left after rent is taken out; or, upon the produce which they could obtain without paying rent — that is, from the poorest land in use. And hence, no matter what be the increase in productive power, if the increase in rent keeps pace with it, neither wages nor interest can increase.
Сторінка 143 - Unless the art of production were in the same time improved in an almost unexampled degree, the inferior soils which must be resorted to and the more laborious and scantily remunerative cultivation which must be employed on the superior soils, to procure food for so much larger a population, would, by an insuperable necessity, render every individual in the community poorer than before. If the population continued to increase at the same rate, a time would soon arrive when no one would have more...
Сторінка 141 - ... that the reason why the real price of corn is higher and continually rising in countries which are already rich, and still advancing in prosperity and population, is to be found in the necessity of resorting constantly to poorer land - to machines which require a greater expenditure to work them - and which consequently occasion each fresh addition to the raw produce of the country to be purchased at a greater cost - in short, it is to be found in the important truth that corn...
Сторінка 143 - ... existing habits of the people, under such an encouragement, it undoubtedly would in little more than twenty years, what would then be their condition ? Unless the arts of production were in the same time improved in an almost unexampled degree, the inferior soils which must be resorted to, and the more laborious and scantily remunerative cultivation which must be employed on. the superior soils, to procure food for so much larger a population, would, by an insuperable necessity, render every...
Сторінка 141 - It is not, however, the rent of the land that determines the price of its produce, but it is the price of that produce which determines the rent of the land...

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