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Differential and absolute ground rent information


Differential ground rent and absolute ground rent are concepts used by Karl Marx[1] in the third volume of Das Kapital[2] to explain how the capitalist mode of production would operate in agricultural production,[3] under the condition where most agricultural land was owned by a social class of land-owners[4] who obtained rent income from those who farmed the land.[5] The farm work could be done by the landowner himself, the tenant of the landowner, or by hired farm workers. Rent as an economic category is regarded by Marx as one form of surplus value just like net interest income, net production taxes and industrial profits.[6]

  1. ^ Sushant Kumar Singh, "Smith, Ricardo and Marxian view on economic origin of 'rent of land'". International education and research journal, Vol. 3 Issue 6, June 2017.[1] Archived 2018-07-13 at the Wayback Machine
  2. ^ Karl Marx, Das Kapital Vol. 3, Part 6. [2]
  3. ^ Utsa Patnaik, The Agrarian Question in Marx and his Successors, Vol. I. New Delhi: Leftword Books, 2007. Utsa Patnaik, “Classical Theory of Rent and its Application to India,” in T.J. Byres Ed., Sharecropping and Sharecroppers. London: Frank Cass, 1983.
  4. ^ Kevin Cahill, Who Owns The World? The hidden facts behind landownership. Edinburgh: Mainstream publishing, 2006.
  5. ^ Robin Murray, "Value Theory and Rent: Part One and Two", in: Capital and Class (London) no. 3 & 4 (Autumn 1977 and Spring 1978). David Harvey The Limits to Capital. London: Verso, 1999, chapter 11.
  6. ^ *Makoto Itoh, The Basic Theory of Capitalism (Barnes & Noble, 1988), pp. 235–249.

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