...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 use of the original and indestructible powers of the soil." We have already shewn that this definition is absurd, locause the earth has no...

...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 use of the original and indestructible powers of the soil." Can this definition be sustained ? Certainly not. The word " indestructible "...

...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...landlord for the use of the original and indestructible powers of the soil.' — Ricardo, Principles, 34. ' The payment made for the use of the soil.' —...

...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...

...free 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,...landlord for the use of the original and indestructible powers of the soil." Ricardo, ch. II. For the development of this idea of rent see Cairnes, (a) Lecture...

...free 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,...landlord for the use of the original and indestructible powers of the soil." Ricardo, ch. II. For the development of this idea of rent see Cairnes, (a) Lecture...

...acceptance 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...landlord for the use of the original and indestructible powers of the soil." If land were unlimited in quantity, and uniform both in quality and in advantages...

...just as 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,...landlord for the use of 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...

...of all, 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...

...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 is...landlord for the use of the original and indestructible powers of the soil" as distinct from the interest and profit of capital, represented by farm buildings,...