IDEAS home Printed from https://ideas.repec.org/a/bla/ajecsc/v51y1992i3p379-384.html
   My bibliography  Save this article

Interest Originating from Invested Rent: Social or Prwate Property?

Author

Listed:
  • Robert V Anderson

Abstract

Herny George contends that rent, even whten derived from land purchased with the fruits of honest toil, cannot justly be privately appropriated, because land (not being a labor product) can have no clear moral title, and because its value is nto produced by the owner but by society Although he does nto explicity address the ethical propriety of interest earned by capital originating from invested rent, his writings yield the following implieit analysis Even as rent should be returned to the community, abstractjustice also demands that interest on capital that stems from rent should be returned to the community But there is no feasible way in which to implement this demand, since it is scarcely ever possible to separate interest derived indiretly from private rent from interest not so derived however, this poses no real problem if We seek justice for the present and the future instead of reparations for injustice in the past For the socialization of rent would render accumulations of private capital, regardless of how obtained, impssible to sustam (absent special privileges confeired by government) unless directed toward the satisfaction of public de mand as reflected in the marketplace

Suggested Citation

  • Robert V Anderson, 1992. "Interest Originating from Invested Rent: Social or Prwate Property?," American Journal of Economics and Sociology, Wiley Blackwell, vol. 51(3), pages 379-384, July.
  • Handle: RePEc:bla:ajecsc:v:51:y:1992:i:3:p:379-384
    DOI: 10.1111/j.1536-7150.1992.tb03488.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1536-7150.1992.tb03488.x
    Download Restriction: no

    File URL: https://libkey.io/10.1111/j.1536-7150.1992.tb03488.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ajecsc:v:51:y:1992:i:3:p:379-384. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0002-9246 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.