Whenever, then, the usual and ordinary rate of the profits…
“Whenever, then, the usual and ordinary rate of the profits of agricultural stock, and all the outgoings belonging to the cultivation of land, are together equal to the value of the whole produce, there can be no rent.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Rent arises when the value of agricultural production exceeds the cost of cultivation; if they are equal, rent disappears.
In simple terms: When production cost equals output value, no rent is charged.
Key Takeaway
Recognize cost‑value balance in economics.
Themes
economics
agriculture
rent theory
value
production cost
Mood
analytical
neutral
informative
Type
educational
philosophical
When to use this quote
- farm management
- policy analysis
- investment decisions
- land use planning
Key Concepts
supply and demand
resource allocation
market equilibrium
Questions to Reflect On
- How does modern agriculture affect rent dynamics?
- What policies could address rent disparities?
A Different Perspective
Real‑world markets rarely achieve perfect cost‑value parity.