Theory of Rent
Thomas T. Sekine
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Thomas T. Sekine: Aichi Gakuin University
Chapter 8 in An Outline of the Dialectic of Capital, 1997, pp 70-133 from Palgrave Macmillan
Abstract:
Abstract Capitalism comes into existence when capital meets the direct producers who have already been excluded from land, and establishes a commodity-economic relationship with them by purchasing their labour-power. Land plays no part in this relation, and so remains external to the capitalist production of commodities as value. It is for this reason that the dialectic of capital has thus far neglected reference to land and its ownership (as property) in explicit terms. While irrelevant to the production of commodities as value, land is nevertheless indispensable to the production of commodities as use-values. Capital must, therefore, forge an appropriate relation with landed property as well. A clear separation of the direct producers from their natural means of production, generically known as land, is a fundamental premise of capitalism. For that alone ensures the conversion of labour-power into a commodity. We must now study how capital relates itself with land and its ownership, in such a way as to preserve that premise.
Keywords: Capitalist Society; Social Demand; Agricultural Good; Average Profit; Fertile Land (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37835-3_2
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DOI: 10.1057/9780230378353_2
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