Note 273 — Chapter II · : ADAM SMITH (continued 2)
R. (Robert) Richards translation
“Rent,” he says, “doubtless is partly interest on capital buried in the soil, for there are few properties which do not owe something to improvements made in them. But their total value is seldom due to this alone. It might be if the land were fertile but lacked the necessary facilities for cultivation. But this is never the case in civilised countries.” (Critical examination of McCulloch’s treatise (1825), in Œuvres diverses, p. 277.)