204
POLITICAL ECONOMY
when rents were created for land of quality D,
the rents of fields of higher quality would
advance, and the amounts by which they
advanced would exactly equal the amount of
the rent which had to be paid for D, on the
assumption that the quantity of wheat obtain
able from each kind of land is constant.
In the paragraph above I have spoken of
any annual payment for land of quality D as a
rent, but it is only correct to call it so if
rent embraces every payment for land, how-
every determined, which is not a recompense
for any capital invested in it. Should we
elect to confine the conception of rent to
payments for the differential advantages
possessed by the super-marginal things of a
class, then the payment made for land of
quality D is not a rent, because it is not a
payment for such differential advantages.
It is, on the contrary, a payment which
expresses the marginal worth#of land. Now
land can only have a marginal worth when
it is limited in quantity so that nobody can
get as much of it as he likes. When the
amount of land is unlimited with reference
to the population, it is naturally used
until its marginal worth becomes zero, just
as air is, and water when the water can
be obtained direct from nature and is not