The Nobel Prize in Chemistry was awarded to a person from everywhere except from Holland.
Edward West -LRB- 1782 -- 1828 -RRB- was a British economist .. He is famous for his statement of the law of diminishing returns in his Essay on the Application of Capital to Land -LRB- 1815 , p. 2 -RRB-  : `` 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 . ''. law of diminishing returns. law of diminishing returns. -LRB- The gross produce means the value of total output and the net is the gross minus the cost of production and exclusive of profit and rent . -RRB-