208
POLITICAL ECONOMY
finished off. For its completion we require
a finer instrument than has been employed
hitherto ; we must lay aside the palette knife
and take up the brush. The reader will
guess that by the finer instrument the
marginal method is meant. Without the use
of this method a complete and consistent
doctrine of rent is unattainable. It is true
that we have already had recourse again and
again in this chapter to the term “ marginal,”
but the reader will not have failed to observe
that in every case marginal quality has
been intended. The conception of marginal
quality does not incorporate the fundamental
idea of what is known as the marginal
method.
It was posited at the outset of our de
monstration that in farming every acre of
land, whatever its quality and position with
reference to the market, would have devoted
to it the same amount of capital. Now this
assumption, we all of us know, is a pure fiction.
As a matter of fact the most fertile and the
best situated land will be worked most inten
sively, and by being worked most intensively
we mean that most labour and capital
will be applied to its cultivation per acre.
We have, then, to determine how much labour
and capital will be devoted to each plot of