...exposition of value which is contained , in the first, he deals with rent. " Rent " he defines as " frhat portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible_pQWgrs of the soil." This is the " strict sense " of the term, and must be distinguished...

...for any land in the world, would entirely disappear. Clearly therefore, if rent is limited to that " which is paid to the landlord for the use of the original and indestructible powers of the soil," almost none of the income from land is rent, since a very small portion of such income is paid for...

...of exploiting the gifts of nature, or, as Ricardo puts it in the case of rent, that it is something paid to the landlord for the " use of the original and indestructible powers of the soil." The idea has its origin in the radical error of this school of economists, in attributing value to...

...expense of the industrious community, legitimately arises from the Ricardian postulate that " rent is that portion of the produce of the earth which is paid to the landowner for the use of the original and indestructible powers of the soil." No more fallacious notion...

...in Section II below. In the Principles there is a change in the wording of the definition. Rent is that portion of the produce of the earth, which is...use of the original and indestructible powers of the soil.7 Not even a single word follows this definition by way of elaboration of the meaning of the attributes...

...from their natural level are considered only as temporary and unimportant deviations. Rent, namely "that portion of the produce of the earth which is paid to the landlords for the use of the original and indistructible power of the soil"13 is determined by technical...

...Ricardo to a productivity theory of rent was in his definition of it as the amount "paid to the landlords for the use of the original and indestructible powers of the soil". It must be admitted, however, that Ricardo himself is a strong witness in Schumpeter's favour. As against...

...rent is not in the nature of an incentive necessary to elicit desired services. Instead, rent is paid "for the use of the original and indestructible powers of the soil," which are viewed as fixed in quantity and ready for utilization even in the absence of rent payments....

...saw capital as congealed or stored-up labor (Haney 1949, pp. 294-95). Rent, according to Ricardo, is "that portion of the produce of the earth which is...indestructible powers of the soil." It "invariably proceeds from the employment of an additional quantity of labour with a proportionally less return"...

...Smith, Ricardo excluded rent as a determinant of the value or price of a commodity. He defined rent as that "portion of the produce of the earth which...the original and indestructible powers of the soil" (Ricardo, 1963, p. 29). The significant pillars of Ricardo's theory of rent are the denial of absolute...