Rent in Modern Economic Theory: An Essay in Distribution

Front matter

Google to make the world's books discoverable online.

It has survived long enough for the copyright to expire and the book to enter the public domain. A public domain book is one that was never subject

to copyright or whose legal copyright term has expired. Whether a book is in the public domain may vary country to country. Public domain books

CHAPTER I. Thk Economic Sdrplus 1-18

i 1. Relativity of economic analyses, i — J 2. Surplus income, 3 — j 3. The produil net, 4 — | 4. 8urp1ui from the point of view of historical materialism, 6— | 5. Surplus energy and progress, 8 — i 6. Surplus of Batisfactioti or of utility, 9 — 3 7. The dynamic surplus, 13 — j 8. Pseudo-BnrpluB, 15 — J 9. Surplus as a purely economic concept, 17.

CHAPTER II. Iand as Air Indepsndbnt Factor in Production i9~4S

J 10. Basis of early distinction between land and capital, 19 — i II. Insufficiency of the distinction based on origin of capital in labor, >i. — i 12. Bztension and position as the fundamental attributes of land, 14 — i 13. Relation of land value to cost, 35 — J 14. Analogy between cost of land and cost of capital, 31 — I 15. Possibility of increasing economic land, 33 — { 16. Distinction between land and capital in dynamic theory, 35 — i 17. Theoretical need of distinction between land and capital, 40 — i 18. Summary, 43.

CHAPTER III. Rent AS Umbarnbd ok Exploitative Income - 46-64

S 19. Popular view of rent aa unearned income, 46 — | 30. Tests of earned incomes, 48 — J 3i. Confusion between necessary and earned income, 51;— ^ la. Rent a necessary income, 53 — f 33. View of rent as exploitative return. 55 — g 34. Analysisof productivity, 57 — | 35. Rent regarded as an income transferred from the consumer, 63.

Chapter IV

Rent as a DiMfSRENTiAi. OR RssiDUAi. Income.— 65-83

J 26. Rent not due to diflerences in land or powers of land, 65 — I 27. Dependence of diSerential doctrine upon the dogma that rent does not enter into price, 72 — § 28. DiSerential method of isolating specific product, 72 — J 29. The " intensive " differential analysis, 75. — i 30. Why the differential analysis has been applied to land alone, 77 — i 31. Income to monopoly factors, 81, vi Contents.

chapter v. The Relation of Rent to Prick 84-101

J 33. The classical dogma and ita critics, 84— | 33. Weakness of the Ricardian position, 86 — i 34. Validity of the "intensive law of rent," 87 — \ 35. Rdation of rent to cost, 90 — J 36. loflnence of incomes upon production, 95 — J 37. Importance of industrial mobility, 98.