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> Also they charge what the market bears; they're exactly as parasitic as people are willing for them to be. That is very similar to this quote of Smith: > Th
by fabianhjr 6y ago
> Also they charge what the market bears; they're exactly as parasitic as people are willing for them to be.
That is very similar to this quote of Smith:
> The rent of 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. (Adam Smith, op. cit., p. 131)
> Rent, considered as the price paid for the use of land, is naturally the highest which the tenant can afford to pay in the actual circumstances of the land. (Adam Smith, op. cit., Vol. I, p. 130)