ABSTRACT

McCulloch's concept of the agricultural sector was basically in terms of the capitalist agricultural system of his day. Such an approach was typical of the Classical economists but in McCulloch's case it was reinforced by the fact that he was, in a small way, a landlord. As such he was likely to have views not only on the desirable development of agriculture but on the correct institutional framework. In this survey attention will first be turned to McCulloch's general view of the agricultural sector and the institutional requirements. Following this we will examine his contribution to one of the great economic causes celebres – the Corn Law controversy. Finally his presentation of the theory of rent will be discussed.