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The Ground Rent — the Actual and «False» Social Values

Author

Listed:
  • Olga A. Nikolaichuk

    (Budget and Treasury Academy of the Ministry of Finance of the Russian Federation, Moscow, Russia)

Abstract

The article author examines the concept of ground rent. The issue is becoming increasingly topical today. However, the authors of available publications do not provide sufficient reasoning for the concept. The article author examines today’s economists’ views of the ground rent and the definitions of the term given by the economists of the past. The reasoning is provided by the author for the argument that labor as a category found in any social and economic system is the basis upon which the ground rent is formed. The excessive revenue in this case is seen as a base rent. It is erroneous to see differential rent purely as a «false» social value. It is one of the key conclusions the author makes.

Suggested Citation

  • Olga A. Nikolaichuk, 2011. "The Ground Rent — the Actual and «False» Social Values," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 31-42, April.
    • Handle: RePEc:fru:finjrn:110203:p:31-42
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    More about this item

    Keywords

    ground rent; differential rent; «false» social value; classical theory of ground rent; marginalist theory of ground rent; environment where a ground rent may emerge;
    All these keywords.

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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