602 B
602 B
Money Rent
Definition
A form of rent payment specified as a fixed sum of money rather than in kind, which Smith argues is vulnerable to loss of real value through monetary debasement and fluctuations in the value of precious metals.
Source Chapter
Book I, Chapter 5
Context
Smith contrasts money rent with corn rent, showing how monetary payments can lose real value over time due to changes in the value of the currency.
Economic Domain
Distribution