A produced economic good is a product. The productivity of property yields products: rent is given always in the form of products as it is the outcome of the use of property; capital prepares the conditions for the products to follow as a result of its investment, and concurrently it is present as products of repeated roundabout capitalisation in the capital itself. The productivity delivers increasing marginal product, decreasing marginal product, or constant marginal product.
Historical Backdrop
• FRANCOIS QUESNAY General Maxims for the Economic Government of an Agricultural Kingdom: product.
• ADAM SMITH The Wealth of Nations: product.
• JAMES ANDERSON The Origins of Rent: profit.
• WILLIAM JEVONS The Theory of Political Economy: yield.
• ALFRED MARSHALL Principles of Economics: returns.
• JOHN COMMONS Legal Foundations of Capitalism: the capital in behavioristic sense.
• HANNAH ARENDT The Human Condition: work.