Chapter 11. Repair, Depreciation, and Destruction of Wealth
1. What is the difficulty in the definition: Rent is the payment for the original and indestructible powers of the soil?
2. If the value of improvements on land is all counted, is there anything over? Examples.
3. What is stumpage? Does it differ from rent?
4. What do you know about the methods of renting mines?
5. What methods are adopted to keep up the efficiency of factories?
Note.—Compare and note the inconsistent use of the term "rent" by Ricardo, pp. 34-5 and 45-6, McCulloch's edition. See also article, "Depreciation," in Palgrave's Dictionary.