...said by Mr. Ricardo, to be ' that portion of the produce of the ear^h, which is paid by the farmer to the landlord for the use of the original and indestructible powers of the soil.' This definition may be considered as sufficiently correct, if by the phrase ' original and indestructible...

...exorbitant impost, he demands not merely that portion of the produce of the earth paid to the proprietor for the use of the original and indestructible powers of the soil, or that which is a remuneration for the expenditure of capital in its improvement, but also the whole...

...independently of the quantity of labour necessary to production. In order to understand this part of the subject, we must enquire into the nature of rent,...use of the original and indestructible powers of the soil-j It is often, however, confounded with the interest and profit of capital, and, in popular language,...

...obscurity and disputation, choose to understand by the term Rent, in all cases, the rent of land, or ' that, portion of the produce of the earth which '...paid to the landlord for the use of the original and indestruct' ible powers of ¿he soil.' Whereas by Rent, as a general tenu, i is- understood the annual...

...and deserved celebrity. I agree with Mr. Ricardo (Principles of Political Economy, page 491), that " rent is that portion of the produce of the earth which is given to the landlord for the use of the soil;" but I cannot agree with him when he says (page 571),...

...parts of his work on the Principles of Political Economy and Taxation, It is denned, first, to be " that portion of the produce of the earth, which is...the original and indestructible powers of the soil." Rent, according to this definition, is made to depend on natural fertility. But the definition given...

...parts of his work on the Principles of Political Economy and Taxation, It is defined, first, to be " that portion of the produce of the earth, which is...the original and indestructible powers of the soil." Rent, according to this definition, is made to depend on natural fertility. But the definition given...

...therefore advances and endeavours to establish another in its stead, as follows : — " Rent," he says, " is that portion of the produce of the earth which...use of the original and indestructible powers of the soil."t Nothing can be more futile and absurd than this definition, or more vain and useless than the...

...wages of labour and profits of stock had been replaced out of the gross produce.] Ricardo ^[ calls it ' that portion of the produce of the earth which is...the original and indestructible powers of the soil.' But it is not for the original, but the actual powers ; it is not for the indestructible, but the undestroyed...

...with affirming, as I think I may be fully warranted to do, that rent is the price paid, not merely " for the use of the original and indestructible powers of the soil," but for the use of the land as it is, in its actual condition and circumstances. stance, unless there...