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Some remarks on the classical theory of rent

Author

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  • Saverio Fratini

Abstract

According to Ricardo, land rent, in a capitalistic system of production, would consist of differential elements only, thus there would not be absolute rent. The present arti-cle is aimed at discussing this thesis by reconstructing the theoretical reasons leading Ricardo toward it and by showing how they have been overcome by the more solid foundations which Sraffa provided for the classical theory of distribution between wages and profits. Moreover, historical and theoretical reasons supporting the pres-ence of absolute rent, beside differential rent elements, are put on evidence.

Suggested Citation

  • Saverio Fratini, 2008. "Some remarks on the classical theory of rent," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 1, March.
  • Handle: RePEc:rar:journl:0073
    as

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    File URL: http://www.francoangeli.it/riviste/Scheda_Riviste.asp?IDArticolo=33293&Tipo=ArticoloPDF
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    References listed on IDEAS

    as
    1. Malthus, Thomas Robert, 1798. "An Essay on the Principle of Population," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number malthus1798.
    2. West, Edward, 1815. "Essay on the Application of Capital to Land," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number west1815.
    3. Kurz, Heinz D, 1978. "Rent Theory in a Multisectoral Model," Oxford Economic Papers, Oxford University Press, vol. 30(1), pages 16-37, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Land Rent; Differential Rent; Absolute Rent; Classical Theory of Distribution; Ricardo; Sraffa;

    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
    • D39 - Microeconomics - - Distribution - - - Other

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