A Clarification of the Ricardian Rent Share

Paul Davidson

Chapter 1 in Inflation, Open Economies and Resources, 1991, pp 3-10 from Palgrave Macmillan

Abstract: Abstract Ricardo believed that the solution to the problem of relative shares was the principal desideratum in economics;1 yet, he clearly developed only the antipodal movements of the wage and profit shares in the product-after-rent.2 He was much less explicit about the proportional distribution of total output between rent, on the one hand, and wages plus profits, on the other.

Keywords: Total Output; Income Distribution; Total Product; Average Product; Relative Share (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11516-7_1

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DOI: 10.1007/978-1-349-11516-7_1

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