Rent as a Share of Product and Sraffa’s Price Equations
AbstractThe classical economists usually regarded rent in their analyses as a share of the gross product obtained from the use of land or a mine, which was indeed the way in which rent was treated in bargaining between landowner and tenant. The paper revives this view of rent, proceeding from its historical basis through Smith’s analysis to arrive at Sraffa’s equations, and also examines the case of the introduction of a tax conceived as a tithe, to which Sraffa referred very briefly
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 50717.
Date of creation: 16 Oct 2013
Date of revision:
Rent; Classical theory of distribution; Smith; Sraffa;
Find related papers by JEL classification:
- B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
- B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
- D33 - Microeconomics - - Distribution - - - Factor Income Distribution
- Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-25 (All new papers)
- NEP-HIS-2013-10-25 (Business, Economic & Financial History)
- NEP-HME-2013-10-25 (Heterodox Microeconomics)
- NEP-HPE-2013-10-25 (History & Philosophy of Economics)
- NEP-PKE-2013-10-25 (Post Keynesian Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bidard,Christian, 2011.
"Prices, Reproduction, Scarcity,"
Cambridge University Press, number 9780521180191, November.
- Fabio Ravagnani, 2008. "Classical Theory and Exhaustible Natural Resources: Notes on the Current Debate," Review of Political Economy, Taylor & Francis Journals, vol. 20(1), pages 79-93.
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