ABSTRACT
The foundations of the theory of ground rent arise just as easily from our system as for wages. It is hardly necessary to be declaratory of the same of the closer one. Every property has its distinctly determined value and price in the system, which explains itself in entirely the same way and is subject to exactly the same formal laws as value and price of every other good. The value of a property for someone is equal to the sum of the values of those land performances for him, which he takes into consideration according to his aptitude and his circumstances. A theory of ground rent that is simple, clear, and - above all - essentially applicable therefore arises from our system, suitable in replacing the one of the older national economy and forming a great advantage for the first one.
