...1, ten quarters for the rent of No. 2, or cultivated No. 3 free of all rent." Ricardo decides that " Rent is that portion of the produce of the earth which...use of the original and indestructible powers of the soil."3 This theory is based on the theory of final causes. It presupposes that the earth was created...

...or for extracting minerals, in which it is plain that the price is paid for the commodities, and not for the use of the original and indestructible powers of the soil. And he might have given instances of still wider applications. Thus, as Madox* shows, " in ancient...

...substance of the land. In this connection some views of Ricardo's may be noticed. He states that " rent is that portion of the produce of the earth which...the original and indestructible powers of the soil." In many cases the rent is not paid to any landlord. For economic rent exists even when the land is...

...destruction of these original qualities men may have worked. The Ricardian statement defines rent as " that portion of the produce of the earth which is...original and indestructible powers of the soil." It is clear enough that some of the original powers of the soil are as capable of destruction as they are...

...discussion. However, without insisting upon this, what is the definition ? " Rent," says Ricardo, " is that portion of " the produce of the earth which...the original and indestructible powers of the soil." Can this definition be sustained? Certainly not. The word "indestructible" is liable to challenge ;...

...capital has accumulated to allow them to drain the more fertile bottom lands. Again, he writes : " Rent is that portion of the produce of the earth which...the original and indestructible powers of the soil." (Page 44.) This contention has been attacked on the ground that the only original and indestructible...

...the productive utility of land, is correct, yet the definition itself, that rent is an amount paid for the "use of the original and indestructible powers of the soil," is shown to be defective. Nor is this defect eliminated by Mr. Walker's re-adaptation of Ricardo's...

...Grundrente " in the Handwirrterlntch der Staatswssevscha/ten — quote the words of RICARDO, who says : "Rent is that portion of the produce of the earth...the original and indestructible powers of the soil." But this passage, in which the author certainly did not express himself quite correctly, has to be...

...by which its rise or fall is regulated, f" Bent is that portion of the produce of the earth, which j is paid to the landlord for the use of the original and I indestructible powers of the soil.' It is often, however, confounded with the interest and profit...

...among other things, that the sums paid to the owners of mines for permission to work them are not paid for the use of the original and indestructible powers of the soil, but for minerals removed, and concludes : — In the future pages of this work, then, whenever I speak...