Quote by David Ricardo

Adam Smith, and other able writers to whom I have alluded, not having viewed correctly the principles of rent, have, it appears to me, overlooked many important truths, which can only be discovered after the subject of rent is thoroughly understood.


Adam Smith, and other able writers to whom I have alluded, n

Summary

This quote suggests that Adam Smith and other influential writers, while highly regarded, did not fully grasp the principles of rent. The author argues that there are fundamental truths and insights about economics that can only be uncovered once one comprehends the concept of rent in its entirety. In essence, this quote highlights the significance of understanding rent and its implications in order to gain a more complete understanding of economic principles.

By David Ricardo
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