Rents Quotes
Figure 12-6 pulls together in a simplified way the main elements of income determination. Without saving and investment, there would be a circular flow of income between business and the public: above, business pays out wages, interest, rents, and profits to the public in return for the services of labor and property; and below, the public pays consumption dollars to business in return for goods and services.
Realistically, we must recognize that the public will wish to save some of its income, as shown at the spigot Z. Hence, businesses cannot expect their consumption sales to be as large as the total of wages, interest, rents, and profits.
Paul Samuelson
How could such industries as software, semiconductors, and computers have been so innovative despite historically weak patent protection? We argue that if innovation is both sequential and complementary-as it certainly has been in those industries-competition can increase firms' future profits thus offsetting short-term dissipation of rents. A simple model also shows that in such a dynamic industry, patent protection may reduce overall innovation and social welfare. The natural experiment that occurred when patent protection was extended to software in the 1980's provides a test of this model. Standard arguments would predict that R&D intensity and productivity should have increased among patenting firms.
Eric Maskin
It seems beyond doubt that the tariff policy pursued during the last half century has not raised the standard of living of the labouring classes. It is doubtful if agricultural duties increase the relative scarcity of manual labour compared with other factors, and they certainly raise the cost of living for the working classes. It is, however, true that manufacturing duties tend to depress the rent of farm land... It is on the whole not at all unlikely that the sum total of rent is reduced in countries with high manufacturing duties... In most countries, however, the sum of rents is small compared with the sum of wages to manual workers. Even a substantial reduction of the former brings only a slight increase in the latter.
Bertil Ohlin
In my constituency there were a large number of privately rented flats and rooms occupied mostly by low-paid single people or by low-paid or unemployed families. Now those people are being persuaded-I use the word advisedly-to leave those places so that they can be converted into up-market flats or second or city homes for the wealthy. Those tenants are literally forced on to the street and come under the care of the local authority, if the local authority can provide anything. There is a great increase in homelessness, but there is no increase in the number of homes available at cheap rents. Decontrol has forced those people on to the streets and caused homelessness. It is the enemy of good housing and working-class people. We need much more money spent on local authority and social ownership schemes to provide cheap rented houses for the people who need them, not for the yuppies that the Conservative party wants to bring into central London.
Jeremy Corbyn
The present condition of the farmers and labourers of this country is the severest condemnation of the Corn-laws that can possibly be produced...let the farmer perfectly understand that his prosperity depends upon that of his customers-that the insane policy of this House has been to ruin his customers, and that acts of Parliament to keep up prices are mere frauds to put rents into the landlords' pockets, and enable him to juggle his tenants.
Richard Cobden
Leibnitz, the great mathematician, published his 'Protogaea' in 1680. He imagined this planet to have been originally a burning luminous mass, and that ever since its creation it has been undergoing gradual refrigeration. Nearly all the matter of the earth was at first encompassed by fire. When the outer crust had at length cooled down sufficiently to allow the vapors to be condensed, they fell and formed a universal ocean, investing the globe, and covering the loftiest mountains. Further consolidation produced rents, vacuities, and subterranean caverns, and the ocean, rushing in to fill them, was gradually lowered. The principal feature of this theory, the gradual diminution of the original heat, and of an ancient universal ocean, were adopted by Buffon and De Luc, and entered under different modifications, into a great number of succeeding systems.
Charles Lyell
"That money," she cried, almost vehemently, "you can be sure I won't lay a hand on it unless there's terrible need." He looked away. He couldn't bear to hear her talking about the rents and poverty. Would the two of them ever talk about anything else? Was that what he'd come home for? To hear more complaints? Outside people were hurrying past, almost racing toward the busy streets of town. Others were on their way to the movies. Girls were going out to meet their boyfriends. There was youth in the streets, and all of that was waiting for him.
Gabrielle Roy
Most new immigrants move into the private rented sector which has grown as the immigrant population has grown. Competition for rented accommodation obliges all those in the private rented sector to pay high rents which take a large share of income and makes saving to buy a home even harder. These resulting high rents and a shortage of housing make it much more difficult for young people to set up home on their own so they have to spend more time in house shares or with their parents.
Liam Fox
This study partitions the total variance in rate of return among FTC Line of Business reporting units into industry factors (whatever their nature), time factors, factors associated with the corporate parent, and business-specific factors. Whereas Schmalensee (1985) reported that industry factors were the strongest, corporate and market share effects being extremely weak, this study distinguishes between stable and fluctuating effects and reaches markedly different conclusions. The data reveal negligible corporate effects, small stable industry effects, and very large stable business-unit effects. These results imply that the most important sources of economic rents are business-specific; industry membership is a much less important source and corporate parentage is quite unimportant.
Richard Rumelt
Sometimes I even now feel like a stranger in my country. But I knew there would be problems because I had seen the world as a skater. And now? A lot of people in eastern Germany have lost jobs, rents went up, food costs went up, unemployment went to 20 percent. Freedom is good, but it is not easy.
Katarina Witt
Investor demand for distressed property has been healthy, as rents rise to levels that can cover investors' costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general.
Mark Zandi
The question is not put how far extends
His piety, but what he yearly spends;
Quick, to the business; how he lives and eats;
How largely gives; how splendidly he treats;
How many thousand acres feed his sheep;
What are his rents; what servants does he keep?
The account is soon cast up; the judges rate
Our credit in the court by our estate.
Juvenal
(on the Indian presence in his country): "Let us not ignore the fact that there is another community settled here in our midst. I refer to the Indians. They have increased more rapidly than we. They have become producers on our soil. They are continuously striving to better themselves. Although they are a different race, yet we are each a unit in the British Empire. They have shouldered many burdens that have helped Fiji onward. We have derived much money from them by way of rents. A large proportion of our prosperity is derived from their labour."
Lala Sukuna
