The Limitations Of The Ricardian Theory Of Rent

Author : John Roscoe Turner
Publisher : Forgotten Books
ISBN 13 : 9781330157770
Total Pages : 245 pages
Book Rating : 4.1/5 (577 download)

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Download or read book The Ricardian Rent Theory in Early American Economics written by John Roscoe Turner and published by Forgotten Books. This book was released on 2015-06-25 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Ricardian Rent Theory in Early American Economics The writings of the early American economists which are surveyed in this study have been strangely neglected by the later generations of American students. The article by Professor C. F. Dunbar, published in The North American Review in 1876, is the only previous American essay purporting to treat the subject. But Dunbar's article consisted almost entirely of a description of American conditions as explaining what he declared to be the utter "sterility" of American economic literature. The brief portion in which he spoke of writers is hardly more than a catalogue of names and titles compiled from previous reviews. Certainly in some cases, as Doctor Turner shows, and possibly in most, Dunbar was unacquainted with the originals. Even if he had read the books, he, as a representative of the classical school (which he believed had arrived at ultimate truths within the limits of its hypotheses), was not qualified to render a just estimate of the theories in question, however competent he was in the field of money and banking. Forty years have passed, and is it not indeed remarkable that our generation of economic students, so thoroughly grounded otherwise in the world's literature of economics, should know little or nothing of these, our own, writers, and most of that little through Dunbar's superficial and condemnatory article or through chance and usually disparaging references in the writings of English economists? About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.