An Inquiry into the Nature and Progress of Rent, and the Principles by Which It is Regulated

Name: An Inquiry into the Nature and Progress of Rent, and the Principles by Which It is Regulated
Author: T. R. Malthus

By T. R. Malthus

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Economics

About This Book

The author defines rent as the portion of produce value that remains for the landowner after all cultivation expenses and the ordinary profits of capital are paid, and observes that actual rents tend to gravitate toward this point. He locates the immediate cause of rent in the excess of market price over cost of production and analyzes the sources of high raw-produce prices. He disputes treatments that equate rent with ordinary monopoly, stressing important distinctions, and discusses practical implications for taxation and trade policy, noting that rent should normally lag price increases to permit capital accumulation on the land.

About the Author

T. R. Malthus

Thomas Robert Malthus (1766-1834) was an English cleric and scholar, best known for his influential theories on population growth and its implications for society. His seminal work, "An Essay on the Principle of Population," published in 1798, argued that population growth would inevitably outpace food production, leading to widespread famine and societal challenges. Malthus's ideas sparked significant debate and laid the groundwork for modern demography and economics. He also contributed to political economy with works such as "An Inquiry into the Nature and Progress of Rent" and "Definitions in Political Economy." His insights continue to resonate in discussions about sustainability and resource management.