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Provide a 8 pages analysis while answering the following question: Money, Credit and the Role of the State. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstrac
Provide a 8 pages analysis while answering the following question: Money, Credit and the Role of the State. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. It has been argued by Keynes (2006) that it has been added by the author that there is a situation in which there is no rent on the agricultural land and this is the situation when the usual and the ordinary rates of the profits on the agricultural stock as well as the belongings of the related to the cultivation of land are the ones that equalize the value of the whole produce thereby this is the situation in which there is no rent on the land. This is the aspect that has been considered as an important factor and it has been said that the rent on the lands mater when the productivity of the land is higher as has been mentioned by Ricardo. In addition to this, it has been added by Ricardo that if the productivity that is being reflected by the land is the same as the profits being gained than the rents are lower and there is a situation in which no rent is to be implanted.
Dillard, (2005) says that an additional point that has been added by Ricardo is that the probability of an increase in the population on the land is higher. Moreover, there is a slight probability that the population rate increase is higher than the increase in the capital thus the increase in the population is faster as compared to that of the capital thereby the wages as noticed might be the ones that decline.
One of the main points that have to be added here in the discussion that has been added by Ricardo is that the profits that arise from the agriculture might increase as a result of the use of the newer and the better technologies on the agricultural fertile land.
It has been .added in this case that the land that has been cultivated for the first time, the rate of return will be the same as earlier and it can be the fifty percent or the hundred quarters of the wheat. But in this case, it has been seen that the general profits are the ones that are regulated by the profits that are made on the stock and this is the profits that have been made on the least possible employment of capital on the agriculture on that particular land.