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 | Reflections on the Formation and Distribution of Wealth |  |
63. The competition between the capitalists, undertakers of cultivation, fixes the current price of leases of lands.
The competition between rich undertakers of cultivation fixes the current price of leases, in proportion to the fertility of the soil, and of the rate at which its productions are sold, always according to the calculation which farmers make both of their expenditures, and of the profits they ought to draw from their advances. They cannot give to the owners more than the overplus. But when the competition among them happens to be more animated, they sometimes render him the whole overplus, the proprietor leasing his land to him that offers the greatest rent.
| Reflections on the Formation and Distribution of Wealth | |