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Anderson, james, 1739-1808 (B3)<br /> Scottish farmer and agricultural economist who was probably the first to expound a clear theory of DIFFERENTIAL RENT in his An Inquiry into the Nature of the Corn Laws (Edinburgh, 1777), regarding rent as a payment for using land superior in fertility. This was to inspire MALTHUS and RICARDO. His other major work of economic interest was Observations on the National Industry of Scotland (1775). In addition, he proposed schemes for developing the Scottish Highlands and edited The Bee, a weekly journal with articles on literature and current affairs, from 1790 to 1794. As his professional papers are reputed to have been used by his widow to scorch chickens, research on his work is difficult.<br /><em>See also:</em> differential theory of rent <br /><em>Reference</em><br />Mullet, C.F. (1968) 'A village Aristotle and the harmony of interests: James Anderson of Monks Hill', Journal of British Studies 8: 94-118.
<strong>DAA</strong> – Default Aversion Assistance, assistance provided to a lender by the guarantor in order to prevent a delinquent loan from defaulting. A lender must submit a DAA request (DAAR) to the MDHE when a borrower is more than 60 days delinquent on a student loan.
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