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Robert Torrens as a ‘neglected economist’

Giancarlo de Vivo

A chapter in English, Irish and Subversives among the Dismal Scientists, 2010, pp 89-110 from Emerald Group Publishing Limited

Abstract: On rent, Seligman's claim is based on the fact that in the first edition of theEssay on the External Corn Trade(1815) Torrens conceives rent as a ‘net surplus’, which is undoubtedly true, but not in itself very significant: Adam Smith had already written of rent as surplus produce,18and following Smith the same conception is to be found in a number of authors, for instance in Spence's 1807 tractBritain Independent of Commerce, which Torrens certainly knew, having writtenThe Economists Refutedagainst it in 1808. Spence in fact speaks of rent as ‘the surplus produce paid to [the class of land proprietors] under the denomination of rent’ (Spence, 1807, p. 17).19

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eme:rhetzz:s0743-4154(2010)000028b007

DOI: 10.1108/S0743-4154(2010)000028B007

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