Ksiazka · An Inquiry into the Wealth of Nations
Strona 408 z 2651
Autor: Adam Smith
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It is thus that, in the progress of improvement, the rent and
profit of unimproved pasture come to be regulated in some measure
by the rent and profit of what is improved, and these again by
the rent and profit of corn. Corn is an annual crop; butcher's
meat, a crop which requires four or five years to grow. As an
acre of land, therefore, will produce a much smaller quantity of
the one species of food than of the other, the inferiority of the
quantity must be compensated by the superiority of the price. If
it was more than compensated, more corn-land would be turned into
pasture; and if it was not compensated, part of what was in
pasture would be brought back into corn.
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