Malthus, T. R. (Thomas Robert), 1766-1834; Malthusianism
Looking at the three causes together, we see that the first and last
relate to the statics, and the second to the dynamics of the subject. We
need to remember that Malthus is having regard in the first instance not
to the value but to the quantity of the produce. Now, apart from
questions of value, it is possible there might be, in a country, land
yielding to the sower more than he sowed; but it might be an ordinary
excess, secured by all producers in that country, for the land might be
all equally fertile, and production from land might be the most fertile
of industries. In that case, even if the land was a State monopoly and
the producer’s gains could be taken from him by a tax, there would be
nothing corresponding to rent, in the received sense. But, as soon as
there were differences in the fertility, and therefore differences in
the quantity produced at the same cost, the farmer who had the
difference on his side could be said to have a rent. It is this surplus,
conjoined with the institution of private property, that, according to
Malthus, makes leisure and mental progress, and even great material
prosperity, possible.[532] The rent is properly the extra profits, and
not the equivalent paid over for them to a landlord; rent can easily
exist without a landlord. “It may be laid down, therefore, as an
incontrovertible truth, that, as a nation reaches any considerable
degree of wealth, and any considerable fulness of population, which of
course cannot take place without a great fall both in the profits of
stock and the wages of labour, the separation of rents, as a kind of
fixture upon lands of a certain quality, is a law as invariable as the
action of the principle of gravity. And that rents are neither a mere
nominal value, nor a value unnecessarily and injuriously transferred
from one set of people to another, but a most real and essential part of
the whole value of the national property, and placed by the laws of
nature where they are, on the land, by whomsoever possessed, whether the
landlord, the crown, or the actual cultivator.”[533]
It is the second cause that brings the first and third into operation in
such a way as to produce the rents that we actually know in an old
country. The fertility which secures a produce beyond cost makes extra
profits possible; the growing population, which gives the produce a
value, makes them actual; and the gradations in fertility, whereby a
uniform increase in the value of produce creates far from uniform extra
profits to different cultivators, give the extra profits the peculiar
graduated character, which is characteristic of rent in the economical
sense of the word.
Public-domain text, read in full here on John Shaqi.
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