| Abstract: | The Land Act of 1870, which introduced "tenant rights" to most of Ireland, was the prototype of the modern land reform. This paper develops an alternative to the conventional view that the Land Act was instituted to redistribute wealth. It is suggested that tenant rights became economically valuable as a result of massive emigration from Ireland in the nineteenth century. Data on land rents and landlord investment are consistent with this "efficiency" hypothesis, and tend to refute the "redistribution" hypothesis. |
