The Rentier on the Defensive

Brendan Brown

Chapter 3 in A Theory of Hedge Investment, 1982, pp 52-71 from Palgrave Macmillan

Abstract: Abstract A rentier is a passive investor who lives on the earnings from capital. His entire income is derived from assets on which the income yields are outside his control. Examples include equities, bank deposits, and other securities. Real estate is also a favourite investment with rentiers, although its income derived depends to some extent on the efficiency of estate management. The straight rentier, as distinct from the trader or financier, does not attempt to make speculative profit from trading opportunities in the market.

Keywords: Real Interest Rate; Investment Opportunity; Real Rate; Income Redistribution; Real Money Balance (search for similar items in EconPapers)
Date: 1982
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DOI: 10.1007/978-1-349-06103-7_3

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