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
But it is of immeasurably greater importance that high rents deter the
people from abusing the soil in an anti-economic way; that they compel
men to settle about the centers of commerce, to improve the means of
transportation, and under certain circumstances to engage in the work of
colonization; while, otherwise, idleness would soon reconcile itself to
the heaping together of large swarms of men.[159-3] The anticipation of
rent may render possible the construction of railroads, which enable the
land to yield that very anticipated rent.
[Footnote 159-1: "Rent is a tax levied by the landowners as
monopolists." (_Hopkins_, Great Britain for the last forty
Years, 1834.) For a very remarkable armed and successful
resistance of farmers in the state of New York to the claims
for rent of the Rensselaer family, represented by the
government, see _Wappäus_ Nord Amerika, 734.]
[Footnote 159-2: _Malthus_, Additions to the Essay on
Population, 1817, III, ch. 10; compare also _Verri_,
Meditazioni, XXIV, 3. The Physiocrates call the landowners
_classe disponible_, since, as they may live without labor,
they are best adapted to military service, the civil
service, etc., either in person or by defraying the expenses
of those engaged in them. (_Turgot_, Sur la Formation etc.,
§ 15; Questions sur la Chine, 5.)]
[Footnote 159-3: Well discussed by _Schäffle_, Theorie, 65,
72, 83. _Malthus_ considers the capital and labor expended
in agriculture more productive than any other, because they
produce not only the usual interest and wages, but also
rent. If, therefore, the manufacturing and commercial profit
of a country = 12 per cent., and the profit of capital
employed in agriculture = 10 per cent., a corn law which
compelled the capital engaged in manufactures and commerce
to be devoted to agriculture would be productive of
advantage to the national husbandry in general, if the
increase in rent should amount to about 3 per cent. (On the
Effects of the Corn Laws and of a Rise or Fall in the Price
of Corn on the Agriculture and the general Wealth of the
Country, 1815. The Grounds of an Opinion on the Policy of
Restricting the Importation of Foreign Corn, 1815.) Compare
_supra_, § 55, and the detailed rectification in _Roscher_,
Nationalökonomik des Ackerbaues, etc., § 159 ff.]
CHAPTER III.
WAGES.
SECTION CLX.
THE PRICE OF COMMON LABOR.
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