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Rent as a share of product and Sraffa’s price equations

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  • Saverio M. Fratini

Abstract

The 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 rent was treated in bargaining between landowner and tenant. The article 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 (Sraffa, 1960, p 55).

Suggested Citation

  • Saverio M. Fratini, 2016. "Rent as a share of product and Sraffa’s price equations," Cambridge Journal of Economics, Oxford University Press, vol. 40(2), pages 599-613.
    • Handle: RePEc:oup:cambje:v:40:y:2016:i:2:p:599-613.
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    File URL: http://hdl.handle.net/10.1093/cje/bev015
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    1. 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.
    2. Bidard,Christian, 2011. "Prices, Reproduction, Scarcity," Cambridge Books, Cambridge University Press, number 9780521180191, December.
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    Cited by:

    1. Yoann Verger, 2016. "A comment to Fratini's “Rent as a share of product and Sraffa’s price equations”," Working Papers hal-01415471, HAL.
    2. Saverio M. Fratini, 2018. "Is Marx's absolute rent due to a monopoly price?," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 25(5), pages 961-985, September.
    3. Yoann Verger, 2017. "Sraffa and the revenue of the owner of non- renewable natural resources: notes on a never- ending debate [Sraffa et le revenu du propriétaire d'une ressource naturelle non-renouvelable: notes sur u," Working Papers hal-01596166, HAL.
    4. Di Bucchianico, Stefano, 2019. "The Impact of Financialization on the Rate of Profit: A Discussion," Centro Sraffa Working Papers CSWP36, Centro di Ricerche e Documentazione "Piero Sraffa".

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    More about this item

    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

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