p. 221
“
Historically, land taxes are commutations of physical rents into money-rents, and taxes are not something taken from private property by the sovereign, but property is sovereignty taken collectively from the King by his tenants.
— John R. Commons
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Historically, land taxes are commutations of physical rents into money-rents, and taxes are not something taken from private property by the sovereign, but property is sovereignty taken collectively from the King by his tenants." in the context of "p. 221" to mean that wisdom is timeless.
Source: Wikiquote: "John R. Commons" (Quotes, Legal foundations of capitalism. 1924: John R. Commons, Legal foundations of capitalism. Transaction Publishers, 1924.)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Tags
About John R. Commons
John Rogers Commons (October 13, 1862 – May 11, 1945) was an American institutional economist, progressive and labor historian at the University of Wisconsin–Madison.
About John R. Commons
John Rogers Commons (October 13, 1862 – May 11, 1945) was an American institutional economist, progressive and labor historian at the University of Wisconsin–Madison.
View all quotes →