CHAPTEE  VI
 

                 THEORY OF  RENT



        Accepted Opinions  concerning Rent.



The general correctness of the  views put forth in

preceding  chapters  derives  great probability  from

their  close resemblance to the Theory of Pent, as it

has been  accepted by English writers for  nearly a

century.  It has not been usual to state this theory

in  mathematical symbols,  and clumsy  arithmetical

illustrations have been employed instead; but  it is

easy to show that the fluxional calculus is the branch

of mathematics  which most correctly applies to the

subject.

    The Theory  of  Pent was first  discovered  and

clearly  stated by James  Anderson  in a tract  pub¬

lished  in  1777,  and  called  An Inquiry  into the

Nature of the  Corn  Laivs,  ivith a vieiv to the  Corn

Bill proposed for Scotland.   An extract from  this

work  may be found  in MacCulloch's  edition of the

Wealth of Nations, p. 453, giving a  most clear ex¬

planation  of the effect of the various fertility of  land,