Definitions in Political Economy, / Preceded by an Inquiry Into the Rules which Ought to Guide Political Economists in the Definition and Use of Their Terms; with Remarks on the Deviation from These Rules in Their Writings

by T. R. Malthus

22. The average rent of land as before defined, estimated in money.

GROSS SURPLUS OF THE LAND.

23. That portion of the produce of land which is not actually consumed by the cultivators.

WAGES OF LABOUR.

24. The remuneration paid to the labourer for his exertions.

NOMINAL WAGES.

25. The wages which the labourer receives in the current money of the country.

REAL WAGES.

26. The necessaries, conveniences, and luxuries of life which the wages of the labourer enable him to command.

THE RATE OF WAGES.