Stuk 100 - Letter from Edward Bromhead

Thurlby Hall, Newark - EB returns George Green's memoir - 'altered and freely cut down, as yourself and Mr Murphy were so obliging as to suggest'. EB considers WW 'our sole calm examiner' on Political Economy, but 'was disheartened by 'Definitions come last', yet this is merely to say, that analysis precedes synthesis'. Under the title of 'Heresies' EB gives two kinds of Rent - 1. Of consumption and 2. Rent from capital invested: 'The equation has two roots, like the two spheroids of equilibrium, one the active speculating Rent of high let land, and the other the passive slovenly Rent of land underlet - the conditions of the Labouring Class depends on the number of farms sufficiently large to employ labourers. Parishes split into pieces are always at war with the poor, as each man is sufficient to labour his own land, and does not employ a labourer without compulsion'. EB claims that the word capital should be replaced with 'Productive Power, land, labour, machinery, money etc, all having distinct 'Laws' - It is incorrect to think labour alone productive'.