Principles of Political Economy, Vol. 2 — John Shaqi
Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
[Footnote 156-4: As to the history of rents in England, a
comparison of the years from 1480 to 1484, with the most
recent times, shows that the amount of rent estimated in
money in agricultural districts, where no very great
"improvements" have been made, have increased as 1 to
80-100, while the price of wheat has increased 12-fold and
wages 10-fold. (_Rogers_, in the Statist. Journal, 1864,
77.) According to _Hume_, History of England, ch. 33, it
seems that rents under Henry VIII. were only 1/10 of those
usually paid in his time, while the price of commodities was
only ¼ of the modern. _Davenant_, Works, II, 217, 221,
estimates the aggregate rent of land, houses and mines, at
the beginning of the seventeenth century, at £6,000,000;
about 1698, at £14,000,000; capitalized respectively at
£72,000,000 and £252,000,000. About 1714, _J. Bellers_,
Proposals for Employing the Poor, puts it at £15,000,000;
about 1726, _Erasm. Phillips_, State of the Nation in
Respect to Commerce etc., at £20,000,000; about 1771, _A.
Young_, at £16,000,000; about 1800, _Beeke_, Observations on
the Income-Tax, at £20,000,000; about 1804, _Wakefield_,
Essay on Political Economy, at £28,000,000; about 1838,
_McCulloch_, Statist., I, 535, at £29,500,000. The poor tax
in England and Wales, in 1841, was on a valuation of
£32,655,000. (_Porter_, Progress, VI, 2, 614); 1864-5, the
annual value of lands, £46,403,853 (Stat. Journal, 1869.)
Moreover, the income from houses, railroads, etc. (real
property other than lands), increased very much more than
that received from pieces of farming land; between 1845 and
1864-5, the former by 392.8 per cent., and the latter by
27.9 per cent. (_Hildebrand's_ Jahrbb., 1869, II, 383 seq.);
and the income tax of 1857 on £47,109,000. There was a still
more rapid growth of rent in Scotland. In 1770, it was only
£1,000,000-1,200,000: in 1795, £2,000,000; in 1842,
£5,586,000. (_McCulloch_, I, 576, ff.) In Ireland, about
1776, it was only $900,000, according to _Petty_. (Political
Anatomy of Ireland, I, 113.) _A. Young_ assumed it to be
£6,000,000 in 1778; _Newenham_, View of Ireland, about 1808,
£15,000,000. In many parts of the Rosendale Forest in
Lancashire, the land is leased by the ell, at £121, and even
at £131 per acre; i. e., more than the whole forest of
15,300 acres was rented for in the time of James I. In many
of the moorland portions of Lancashire, rent has risen in
150 years, 1,500 and even 3,000 per cent. (Edinburg Rev.,
1843, Febr., 223.)
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