issue of agricultural protectionism and, in turn, the effects of such a policy on income distribution and economic growth.
Malthus (quoted in Hollander, 1969, p. 308) held that the "cause of the high comparative money price of corn is its rich comparative real price, or the greater quantity of capital and labour which must be employed to produce it," and that in turn "the reason why the real price of corn is higher and continually rising . . . is to be found in the necessity of resorting to constantly poorer land" that requires more labor to farm, thereby causing price rises of a proportional magnitude. Malthus (quoted in Hollander, 1969, p. 308) added that the "price of produce . . . must be just about equal to the cost of production on land of the poorest quality actually in use; or to the cost of raising additional produce on old land, which yields only the usual returns of agricultural stock with little or no rent."
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