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Updated: July 2, 2025
So that, in a community where there was but one laborer, the farm-rent would be but 0.1; no matter how great the extent and value of the land appropriated. Therefore, WITH A GIVEN LANDED CAPITAL, PRODUCTION IS PROPORTIONAL TO LABOR, NOT TO PROPERTY. Guided by this principle, let us try to ascertain the maximum increase of all property whatever. What is, essentially, a farm-lease?
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