Nature And Progress of Rent

Cover Nature And Progress of Rent
Nature And Progress of Rent
Tr Malthus
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If the doctrine here laid down, respecting the laws whichgovern the rise and fall of rents, be near the truth, thedoctrine which maintains that, if the produce of agriculture weresold at such a price as to yield less net surplus, agriculturewould be equally productive to the general stock, must be veryfar from the truth.
With regard to my own conviction, indeed, I feel no sort ofdoubt that if, under the impression that the high price of rawproduce, which occasions rent, is as injurious to the c
...onsumer asit is advantageous to the landlord, a rich and improved nationwere determined by law, to lower the price of produce, till nosurplus in the shape of rent anywhere remained; it wouldinevitably throw not only all the poor land, but all, except thevery best land, out of cultivation, and probably reduce itsproduce and population to less than one tenth of their formeramount.
From the preceding account of the progress of rent, itfollows, that the actual state of the natural rent of land isnecessary to the actual produce; and that the price of produce, in every progressive country, must be just about equal to thecost of production on land of the poorest quality actually inuse; or to the cost of raising additional produce on old land, which yields only the usual returns of agricultural stock withlittle or no rent.


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