Friday, June 5, 2009
June 5: The Rent of Land from Human Food (Vol. 10, pp. 149-157)
Adam Smith was born this day in 1723, but the editors pick a bland piece from "Wealth of Nations" to mark his birthday. It is an explanation about rent — how it is set, how it is paid and the balance between the two. Not the most gripping part of this book.