The Revival of the Classical Theory of Economic Rent

Rumen Andreev
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Rumen Andreev: University of National and World Economy, Bulgaria

Scientific Conference of the Department of General Economic Theory, 2022, issue 1, 79-85

Abstract: In classical economic theory, the question of obtaining land rent is particularly relevant. One of the notable debates in economics between David Ricardo and Thomas Malthus was about rent of land. The subject of rent almost disappeared from economic theory after the marginal revolution, when the theory of economic rent was adopted. The receipt of rent not only does not arise, as some economists assume, but also becomes a basic characteristic of the modern economic system. The purpose of the paper is to present alternative modern views of economic rent that are based on the insights of classical economists.

Keywords: History of economic thought; Political economy; Economic rent; Distribution; Wealth (search for similar items in EconPapers)
JEL-codes: B10 B12 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:oitcon:y:2022:i:1:p:79-85

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