• NOT_RICK@lemmy.world
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    1 year ago

    The rent of the land, therefore, considered as the price paid for the use of the land, is naturally a monopoly price. It is not at all proportioned to what the landlord may have laid out upon the improvement of the land, or to what he can afford to take; but to what the farmer can afford to give.

    I’m not sure even Adam Smith of all people agrees with you

    • 018118055
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      1 year ago

      Good quote thanks. I suppose he refers to the specific plot of land being rented. Still, I’m just telling what I learned in my economics a-level.