a brief description of the theory of rent, and point out to what payments not usually called rent the theory may be
- State briefly Ricardo's theory of rent, and show that, if it be true, the following statements of Adam Smith must be false:
“The most fertile coal-mine regulates the price of coals at all the other mines in the neighborhood.”
“In the price of corn one part pays the rent of the landlord, another pays the wages, and another the profit of the farmer.”
- Why does the farming business pay rent, and the cotton business (ground-rent excluded) pay none? Define rent.
- “As population increases, rents estimated