Principles of Political EconomyPerry, Arthur Latham
General
Principles of Political Economy
Perry, Arthur Latham
Economics
This peculiar and additional element in the cost of production of
these things, class second of commodities, is called RENT.
Interminable have been and still are, especially in the British
Islands, the definitions and discussions upon Rent: they have boxed
the compass of economical nomenclature: they have run up and down the
entire gamut of possible expression on such a theme. David Ricardo,
the Anglo-Jewish Banker, formerly announced, near the beginning of
this century, that "_Rent is that portion of the produce of the earth,
which is paid to the landlord for the use of the original and
indestructible powers of the soil._" Two objections lie with fatal
weight against this definition and all that is involved in it: first,
there _are_ no "indestructible powers of the soil," either "original"
or acquired, since the universal verdict of all agriculture has been
and still is, that the "powers" of all soils are continually wearing
out, and need to be constantly renovated by fertilizers and
manipulations of all sorts; and second, even if there were such
"original and indestructible powers," it would be impossible to
separate them from the additional "powers" acquired by means of the
capital expended to bring that land from the state of nature to its
present state, and the landlord has had nothing to do with any
"powers" of the land except those conferred by his own labor and
capital upon it, and can by no possibility put himself into a position
where he can _enforce_ any claim of his own for a return from any
"original powers" of any land-parcel whatever. The simple truth is,
and it illumines the whole subject of agriculture and its products,
that the value of land-parcels and also the value of the transient use
of them, or _Rent_, hang wholly on the onerous human efforts involved
in them, and not at all on original and gratuitous utilities. Science
has only to unfold the plan of God and its actual and beneficent
workings. "_In the sweat of thy face shalt thou eat bread._" All that
God furnishes to men in order to get a living and in order even to get
rich is Opportunity. The opportunity is ample. The call to a
partnership in Effort as between God and men is loud and constant. The
world with all its powers, free lands with all their utilities, the
change of seasons, the blessed sun and the blessed dew and rain, the
constant disintegration of rocks beneath the soil and the gradual
clothing with lichens and moss and verdure of the rocks above in
preparation for a new soil, and the wonderful chemistry of the vast
laboratory of Nature, all work night and day without fee or reward in
the service of mankind. But men themselves must not intermit their
labor. All values are of _their_ creation and maintenance. If they
cease or relax their labor upon land-pieces so only made valuable and
rentful, then will the value and the rent begin to slip away
inexorably, and no prayers and no regrets will avail to call them
back.
Public-domain text, read in full here on John Shaqi.
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