David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 345

If the comprehensive mind of Adam Smith had been directed to this fact, he would not have maintained that rent forms one of the component parts of the price of raw produce; for price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid. If he had adverted to this principle, he would have made no distinction between the law which regulates the rent of mines and the rent of land.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 345 · Verified：2026-10-19 · Verification：Short excerpt

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