Marx on Rent: A Failure to Transform Correctly

Paul Samuelson

Journal of the History of Economic Thought, 1992, vol. 14, issue 2, 143-167

Abstract: Karl Marx's theory of land rent plays a minor role in his overall economic system but provides us with a good opportunity to examine and score his analytic powers and attained understanding. The conclusion arrived at from the present reinvestigation confirms, I fear, the diagnosis that Marx was an autodidact who lacked mastery of the subject matter that he so confidently grappled with. Objective readers of my analysis can form their own judgments of Marx's written logic and empirical contentions.

Date: 1992
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