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Toetsenbord

Pagina 130 van 2651

Auteur: Adam Smith

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When those three different sorts of revenue belong to different
persons, they are readily distinguished; but when they belong to
the same, they are sometimes confounded with one another, at
least in common language.
A gentleman who farms a part of his own estate, after paying the
expense of cultivation, should gain both the rent of the landlord
and the profit of the farmer. He is apt to denominate, however,
his whole gain, profit, and thus confounds rent with profit, at
least in common language. The greater part of our North American
and West Indian planters are in this situation. They farm, the
greater part of them, their own estates: and accordingly we
seldom hear of the rent of a plantation, but frequently of its
profit.

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