markitect-main/examples/infospace-with-history/output/entities/corn-rent.md

Corn Rent

Corn Rent

Definition

A form of rent payment specified in terms of a quantity of grain rather than a fixed sum of money, which Smith argues preserves its real value better than money rents because corn prices are more stable over time.

Source Chapter

Book I, Chapter 5

Context

Smith uses corn rent as an example of how specifying payments in commodities rather than money can protect against the effects of monetary debasement and fluctuations in the value of precious metals.

Economic Domain

Distribution

---