16
The benefits of enclosure.
§
Enclosed land rented for
twice common-field land.
§
£2.1 million per year gain
in productivity, about
1.5% of national income
or about 3.5% of
agricultural income.
§
Rate of return of 17%
per year.
§
An average village 13%
more productive.
Source: McCloskey (1975)
