...Economics as Rent. As Ricardo * expressed it at a time when "Land" seemed to mean only agricultural soil, "Rent is that portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible powers of the soil." Its tendency...

...subject, we must enquire into the nature of rent, and the laws by which its rise or fall is regulated. Rent is that portion of the produce of the earth, which is paid to the landlord for the use of the original and indestructible powers of the soil. . . . On the...

...indestructible " for the rather unnecessary " inherent " of the Essay, so that his definition becomes, " Rent is that portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible powers of the soil." He puts forward...

...are."9 Rent Few concepts in classical economics were defined so clearly and directly as Ricardian rent: "Rent is that portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible properties of the soil."10 Yet...

...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, which is paid to the landlord for the use of the original and indestructible powers of the soil.7 Not even a...

...instead of landlords, the statute book would _be ordered very differently. Eicardo, like Smith, says that " rent is that portion of the produce of the earth which is paid for the use of the original and indestructible powers of the soil." (Chap. 2, page 53.) The maker...

...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...

...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...

...output attributable to rent. In the chapter below, we see that process at work. Chapter II On Rent . . . Rent is that portion of the produce of the earth, which is paid to the landlord for the use of the original and indestructible powers of the soil. It is often,...

...determinant of price. (a) The way Ricardo defines rent already indicates the result of his argument. If 'rent is that portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible powers of the soil,'2 it is a payment...