Basic Principles of Economics: Rent. [Liberty, October 3, 1885.] In following up the issues made by Mr. Tucker in the August number of Liberty, I am not quixotic enough to defend Proudhon either against Mr. T. or against his own possible inconsistencies. Only two of his works (recommended by Mr. T.) have been open to me. What I have to say stands upon its own merits, appealing to reason and the instinct of justice.(100 ¶ 1) I. The fiction of the productivity of capital.(100 ¶ 2) In productivity for human needs or desires, human activity is implied. No one pretends that capital or the results of past labor can in t...