A Model of the Marxist Rent Theory

Debarshi Das ()
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Debarshi Das: Humanities and Social Sciences Department, Indian Institute of Technology Guwahati

UMASS Amherst Economics Working Papers from University of Massachusetts Amherst, Department of Economics

Abstract: This paper presents an interpretation of Marx’s rent theory. The three forms of rent, differential rent of type one and two, and absolute rent, have been elaborated and represented through algebra. Marx situated his theory in an agrarian economy characterized by the capitalist mode of production. Such conditions are not present in the agrarian economy of India, yet one can still borrow Marx’s analytical tools, the paper argues, to understand the contemporary agrarian India. Some observations on Indian agrarian economy have been offered in the end.

Keywords: Keywords: Marx; absolute rent; organic composition of capital; landed property (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-his, nep-hme and nep-pke
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