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Edward West
British economist and judge in India · Academics · Lived 1782 to 1828 · aged 46
Sir Edward West was a British judge who served in India and an economist. He is known for his statement of the law of diminishing returns in his Essay on the Application of Capital to Land :The principle is simply this, that in the progress of the improvement of cultivation the raising of rude produce becomes...
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He is known for his statement of the law of diminishing returns in his Essay on the Application of Capital to Land :The principle is simply this, that in the progress of the improvement of cultivation the raising of rude produce becomes progressively more expensive, or, in other words, the ratio of the net produce of land to its gross produce is constantly diminishing.
