...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 sustained1! Certainly not The word " indestructible " is liable to challenge...

...Rent. THE definition of rent generally accepted by economists is that given by Ricardo,1 namely, " that rent is that portion of the produce of the earth which...the original and indestructible powers of the soil." " It is manifest that if rent is limited to- what is paid for "the powers of the soil," or infertility...

...determining how much of it is unearned, and how much is earned. Iticardo himself defined rent as ' that portion of the produce of the earth which is...the original and indestructible powers of the soil ; ' and he drew a distinction between this ' strict sense ' of the term and the ' popular sense,' which...

...definition 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,...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...

...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....

...Ricardo 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...the original and indestructible powers of the soil." It "invariably proceeds from the employment of an additional quantity of labour with a proportionally...

...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 is...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...

...in cultivation. 17 This is of course not a definition of rent, which Ricardo accurately defined as "that portion of the produce of the earth which is...the original and indestructible powers of the soil". Proudhon now indulges in a diabolical juggle with the words "law" and "right", which are identical...

...Ricardos mam contribution to economics: his land rent theory Ricardo defines land rent as follows: Rent is that portion of the produce of the earth which is paid to the landlord for the original and indestructible powers of the soil. The first land to be cultivated is usually the most...