LECTURE IV 

 LANDLORD AND TENANT 



The preceding lectures have been devoted to an analysis 

 of the economic factors which affect (he relation between 

 landlord and tenant. In the present lecture I propose to 

 deal with their relations from the point of view of the 

 efficiency of agricultural production ; and thereafter to seek 

 the principles which should regulate the tenancy law in 

 accordance with the economic generalizations which have 

 been explained. 



The true function of the landlord class is to act as the 

 organizers of the agricultural industry. They must learn 

 improved agricultural methods and then arrange that thflir 

 tenants may learn them. It is their function to attend to 

 the development of their estates. It is also the duty of 

 the landlord to dismiss bad cultivators, giving compensation 

 for any improvements made by them, and to select and 

 encourage those who are the best husbandsmen. The wealth 

 of the country depends very greatly upon the efficiency of 

 agriculture and it is only by seeing that the land is in the 

 hands of those who can use it best, that the maximum of 

 crops can be raised from the available land. It is necessary 

 to aim at the maximum of wealth production per acre, and 

 also at the same time to secure the maximum of output per 

 head of the population engaged in rural occupations. 



The most efficient unit of organization in the agri- 

 cultural industry is not the holding of each cultivator, unless 

 these holdings are large farms of hundreds of acres each. 

 The realization of this has led to the development in some 



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