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Robert Torrens as a ‘neglected economist’

In: English, Irish and Subversives among the Dismal Scientists

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  • Giancarlo de Vivo

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

Suggested Citation

  • Giancarlo de Vivo, 2010. "Robert Torrens as a ‘neglected economist’," Research in the History of Economic Thought and Methodology, in: English, Irish and Subversives among the Dismal Scientists, pages 89-110, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-4154(2010)000028b007
    DOI: 10.1108/S0743-4154(2010)000028B007
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