An Inquiry into the Nature and Progress of Rent, and the Principles by Which It is Regulated — John Shaqi
An Inquiry into the Nature and Progress of Rent, and the Principles by Which It is RegulatedMalthus, T. R. (Thomas Robert)
General
An Inquiry into the Nature and Progress of Rent, and the Principles by Which It is Regulated
Malthus, T. R. (Thomas Robert)
Rent
This is a cause which can only be essentially mitigated by the habitual
importation of foreign corn, and a diminished cultivation of it at home.
The policy of such a system has been discussed in another place; but, of
course, every relief from taxation must tend, under any system, to make
the price of corn less high, and importation less necessary.
In the progress of a country towards a high state of improvement, the
positive wealth of the landlord ought, upon the principles which have
been laid down, gradually to increase; although his relative condition
and influence in society will probably rather diminish, owing to
the increasing number and wealth of those who live upon a still more
important surplus [18] --the profits of stock.
The progressive fall, with few exceptions, in the value of the precious
metals throughout Europe; the still greater fall, which has occurred in
the richest countries, together with the increase of produce which
has been obtained from the soil, must all conduce to make the landlord
expect an increase of rents on the renewal of his leases. But, in
reletting his farms, he is liable to fall into two errors, which are
almost equally prejudicial to his own interests, and to those of his
country.
In the first place, he may be induced, by the immediate prospect of an
exorbitant rent, offered by farmers bidding against each other, to let
his land to a tenant without sufficient capital to cultivate it in
the best way, and make the necessary improvements upon it. This is
undoubtedly a most short-sighted policy, the bad effects of which have
been strongly noticed by the most intelligent land surveyors in the
evidence lately brought before Parliament; and have been particularly
remarkable in Ireland, where the imprudence of the landlords in this
respect, combined, perhaps, with some real difficulty of finding
substantial tenants, has aggravated the discontents of the country, and
thrown the most serious obstacles in the way of an improved system of
cultivation. The consequence of this error is the certain loss of all
that future source of rent to the landlord, and wealth to the country,
which arises from increase of produce.
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