Library / Economics & Business
An Inquiry into the Nature and Progress of Rent, and the Principles by Which It is Regulated
- Pages
- about 49
- Category
- Economics & Business
- Language
- English
- Reading time
- 54 min at 250 wpm
From the opening
The following tract contains the substance of some notes on rent, which,
with others on different subjects relating to political economy, I have
collected in the course of my professional duties at the East India
College. It has been my intention, at some time or other, to put them in
a form for publication; and the very near connection of the subject of
the present inquiry, with the topics immediately under discussion, has
induced me to hasten its appearance at the present moment. It is the
duty of those who have any means of contributing to the public stock of
knowledge, not only to do so, but to do it at the time when it is most
likely to be useful. If the nature of the disquisition should appear to
the reader hardly to suit the form of a pamphlet, my apology must be,
that it was not originally intended for so ephemeral a shape.
The rent of land is a portion of the national revenue, which has always
been considered as of very high importance.
According to Adam Smith, it is one of the three original sources of
wealth, on which the three great divisions of society are supported.
By the Economists it is so pre-eminently distinguished, that it is
considered as exclusively entitled to the name of riches, and the sole
fund which is capable of supporting the taxes of the state, and on which
they ultimately fall.
And it has, perhaps, a particular claim to our attention at the present
moment, on account of the discussions which are going on respecting the
corn laws, and the effects of rent on the price of raw produce, and the
progress of agricultural improvement.
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