Critiquing a Historical Land Tenure System
Consider a historical agricultural system where a farmer cultivates land owned by someone else. The farmer provides all the labor and covers the costs of seeds and tools. By long-standing tradition, the farmer must give the landowner exactly half of the total crop yield. Critically evaluate the fairness and economic efficiency of this 50/50 split from the perspectives of both the farmer and the landowner. Conclude by proposing one specific change to this arrangement that could lead to a more equitable outcome, and explain your reasoning.
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