...landlord for the use of the natural and inherent powers of the soil.' — M'Culloch, Principles, 265. ' That portion of the produce of the earth which is...the original and indestructible powers of the soil.' — Ricardo, Principles, 34. ' The payment made for the use of the soil.' — Rogers, Political Economy,...

...from active life, and died September 3, 1874. RENT, in political economy, is defined by Ricavdo to be 'that portion of the produce of the earth which is paid to the landlord for the use of the indestructible powers of the soil. It is often, however,' he remarks, ' confounded with the interest...

...competition among farmers, and thereby disclosed the true doctrines of rent and of natural value. "Rent is that portion of the produce of the earth, which is...the original and indestructible powers of the soil." Ricardo, ch. II. For the development of this idea of rent see Cairnes, (a) Lecture VIII. (3) Ricardo...

...competition among farmers, and thereby disclosed the true doctrines of rent and of natural value. "Rent is that portion of the produce of the earth, which is...the original and indestructible powers of the soil." Ricardo, ch. II. For the development of this idea of rent see Cairnes, (a) Lecture VIII. (3) Ricardo...

...as one of the fundamental principles of political economy is mainly due. " Rent," says RICARDO, " is that portion of the produce of the earth which is...the original and indestructible powers of the soil." If land were unlimited in quantity, and uniform both in quality and in advantages of situation, no...

...men by mauy processes transform the iron ore into the steam-engine, llicardo l says that " rent is that portion of the produce of the earth, which is...the original and indestructible powers of the soil." As a matter of fact, and as we shall see, there are no such powers; and even if there were, it would...

...this law assumes, that there are "original and indestructible powers of the soil," and that "rent is that portion of the produce of the earth which is paid to the landlord for the use " of these powers, and that the varying grades of soil become such and continue such without modification...

...denounces the statement of Ricardo, McCulloch, and Senior, of Say, Gamier, and Blanqui, that rent is paid for the use of the original and indestructible powers of the soil, declaring that if rent have this origin, then, indeed, in the language of Proudhon, property is robbery,...

...latter's statement that rent forms one of the component parts of the price of raw produce, he defines rent as " that portion of the produce of the earth which...the original and indestructible powers of the soil" as distinct from the interest and profit of capital, represented by farm buildings, improvements, &c.,...

...usual and ordinary rate of profits of agricultural profits at the time being." It is defined by Eicardo as "that portion of the produce of the earth which is paid to the landlord for the use of the indestructible powers of the soil," and he adds that it is often confounded with the interest and profit...