Definition of economic or Ricardian rent. Meaning of economic or Ricardian rent. Synonyms of economic or Ricardian rent

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Definition of economic or Ricardian rent

economic or Ricardian rent
Rent Rent, n. (Polit. Econ.) (a) That portion of the produce of the earth paid to the landlord for the use of the ``original and indestructible powers of the soil;' the excess of the return from a given piece of cultivated land over that from land of equal area at the ``margin of cultivation.' Called also economic, or Ricardian, rent. Economic rent is due partly to differences of productivity, but chiefly to advantages of location; it is equivalent to ordinary or commercial rent less interest on improvements, and nearly equivalent to ground rent. (b) Loosely, a return or profit from a differential advantage for production, as in case of income or earnings due to rare natural gifts creating a natural monopoly.

Meaning of economic or Ricardian rent from wikipedia

- Ricardian socialism is a branch of classical economic thought based upon the work of the economist David Ricardo (1772–1823). The term is used to describe...
- trade restriction can be necessary for the economic development of a nation. Utsa Patnaik claims that Ricardian theory of international trade contains a...
- The Ricardian equivalence proposition (also known as the Ricardo–de Viti–Barro equivalence theorem) is an economic hypothesis holding that consumers are...
- Smith's theory. Their ideas became economic orthodoxy in the period ca. 1815–1848, after which an "anti-Ricardian reaction" took shape, especially on...
- origin of the term Ricardian rent. Ricardo's formulation of the law was the first clear exposition of the source and magnitude of rent.[citation needed]...
- entrepreneurial rent. Differential rent (also called quality or Ricardian rent) arises because of differences in the quality of similar goods or inputs (e.g...
- form of profits) and land (in the form of rent). Each period, as if they were in a giant feedback system, economic players influence the pricing processes...
- auf Landwirtschaft und Nationalökonomie. Wirtschaft & Finan. Ricardian rent Hotelling rent Alfred Weber He "ranks alongside Marx as the greatest German...
- maximizing economic rent in the time of fully extracting a non-renewable natural resource. The maximum rent is also known as Hotelling rent or scarcity rent and...
- Ricardian economics are the economic theories of David Ricardo, an English political economist born in 1772 who made a fortune as a stockbroker and loan...