...corn would be any the cheaper. 2. We now come to Ricardo's Theory of Rent. He begins by defining rent to be that portion of the produce of the earth which...use of the original and indestructible powers of the soil.1 The Romans held it to be an 1 Principlei of Political Economy and Taxation, p. 53. evil omen...

...of capital that is incorporated with laud. Mr. Ricardo's definition is, "Rent is that portion of tho produce of the earth which is paid to the landlord...the original and indestructible powers of the soil;" and he seeks to discriminate it from that portion " paid for the use of the capital which bad been...

...ordinary rate of profits of agricultural profits at the time being." It is defined by Ricardo 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 eonfounded with the interest and profit...

...and in erecting such buildings as are necessary to secure and preserve the produce ;" secondly, "that which is paid to the landlord for the use of the original and indestructible powers of the soil." Mr. JB Say informs us that : " The earth is not the only material agent with productive power ; but...

...(and Messrs. Macculloch, Mill, and many other economists have adopted his definition) — " Rent is that portion of the produce of the earth which is...landlord for the use of the original and indestructible natural powers of the soil." — (Ricardo, Pol. Econ., chap. ii. ; Mill's Elements, p. 39; Macculloch's...

...has been thrown into great confusion by an erroneous definition of Kent. " Kent," says Ricardo, " is that portion of the produce of the earth which is...the original and indestructible powers of the soil." AVe have already shewn that this definition is absurd, because the earth has no indestructible powers...

...confusion by an erroneous definition of Rent. " Rent," says Rieardo, " is that portion of the pnxluce of the earth which is paid to the landlord for the...the original and indestructible powers of the soil." We have already shewn that this definition is absurd, locause the earth has no indestructible powers...

...insisting upon this, what is the definition ? " Rent," says Ricardo, " is that portion of the products of the earth which is paid to the landlord for the...the original and indestructible powers of the soil." Can this definition be sustained ? Certainly not. The word " indestructible " is liable to challenge...

...such cases, be found to have lost the character attributed to it by Kicardo. It will not be paid only for the use of " the original and indestructible powers of the soil." Nay, it will be difficult, if not impossible, in any case where rent is paid for land, to ascertain...

...such cases, be found to have lost the character attributed to it by Ricardo. It will not be paid only for the use of " the original and indestructible powers of the soil." Nay, it will be difficult, if not impossible, in any case where rent is paid for land, to ascertain...