Rent and Landed Property

Martha Campbell

Chapter 10 in The Culmination of Capital, 2002, pp 228-245 from Palgrave Macmillan

Abstract: Abstract For Marx of the Contribution, the theory of rent is to resolve the apparent contradiction between the labour theory of value and the existence of prices for commodities that are not products (Marx, 1859: 63). When Marx considers rent in Part Six of Capital, Volume III, he does explain how the price of land is derived, but he defines his overall purpose in other terms. His aim is to spell out ‘the specific relationships of production and exchange that arise from the investment of capital on land’ (these being part of the analysis of capital), and, more narrowly, to consider these ‘only in so far as a portion of the surplus-value that capital produces falls to the share of the landowner’ (1894: 752, 751). There is a shift in emphasis between these two accounts. In the Contribution, Marx is occupied with correcting a problem in the classical theory of value. In Capital by contrast he underscores his principal difference from classical theory: the idea of capitalism as constituted by specific social relations of production and of these as the source of economic ‘laws’.

Keywords: Normal Technique; Agricultural Output; Monopoly Price; Organic Composition; Land Property (search for similar items in EconPapers)
Date: 2002
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DOI: 10.1057/9780230597099_10

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