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Economic rent information


In neoclassical economics, economic rent is any payment (in the context of a market transaction) to the owner of a factor of production or resource supply of which is fixed.[1] In classical economics, economic rent is any payment made (including imputed value) or benefit received for non-produced inputs such as location (land) and for assets formed by creating official privilege over natural opportunities (e.g., patents). In the moral economy of neoclassical economics, economic rent includes income gained by labor or state beneficiaries of other "contrived" (assuming the market is natural, and does not come about by state and social contrivance) exclusivity, such as labor guilds and unofficial corruption.

  1. ^ Alchian, Armen (2018). The New Palgrave Dictionary of Economics (3 ed.). Springer. doi:10.1057/978-1-349-95121-5_1738-2. ISBN 978-1-349-95189-5. Retrieved 7 May 2024.

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Economic rent

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In neoclassical economics, economic rent is any payment (in the context of a market transaction) to the owner of a factor of production or resource supply...

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Rent

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temporary use of a good, service or property Economic rent, any payment in excess of the cost of production Rent-seeking, attempting to increase one's share...

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Law of rent

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The law of rent states that the rent of a land site is equal to the economic advantage obtained by using the site in its most productive use, relative...

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Ground rent

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provides an income for the landowner. In economics, ground rent is a form of economic rent meaning all value accruing to titleholders as a result of the...

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Georgism

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tax movement, is an economic ideology holding that people should own the value that they produce themselves, while the economic rent derived from land—including...

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Resource rent

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usually termed economic rent but when referring to rent in natural resources such as coastal space or minerals, it is commonly called resource rent. It can also...

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Landlord

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of natural resources alone (e.g., land, not buildings) from which an economic rent, a form of passive income, is the income received. The concept of a...

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Schumpeterian rent

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Schumpeterian rent is seen as a form of economic rent, although Schumpeterian rent may be seen as an incentive towards greater economic efficiency. In...

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Classical economics

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recognition of economic rent. Most modern economists no longer recognize land/location as a factor of production, often claiming that rent is non-existent...

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Abnormal profit

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opportunity cost of the owner's resources. A related broader term is economic rent, which applies to the owner of a resource, such as land, rather than...

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Economic surplus

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Surplus product Surplus value Utility Value added Welfare economics Economic rent Surplus sharing Bade, R., & Parkin, M. (2017). Essential Foundations...

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Tax

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collect economic rent, in particular the value of land, for both reasons of economic efficiency as well as morality. The efficiency of using economic rent for...

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Rent regulation

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a system of rent regulation involves: Price controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization...

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Imputed rent

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measure the rent homeowners would pay for a housing unit equivalent to the one they own. Imputing housing rent is necessary to measure economic activity...

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Rent control in the United States

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In the United States, rent control refers to laws or ordinances that set price controls on the rent of residential housing to function as a price ceiling...

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Land value tax

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Michael Hudson is a proponent for taxing rent, especially land rent. ".... politically, taxing economic rent has become the bête noire of neoliberal globalism...

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Geolibertarianism

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captured economic rent from the land exceeds the title-holder's equal share of total land value in the jurisdiction. On this proposal, rent is collected...

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Differential and absolute ground rent

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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...

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Progress and Poverty

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deductive logic to argue for a radical solution focusing on the capture of economic rent from natural resource and land titles. Progress and Poverty, George's...

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Rent extraction

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Rent extraction (Chinese: 抽租) is a notion formulated by American jurist Fred S. Mcchesney (1948–2017) in his 1987 essay Rent Extraction and Rent Creation...

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Henry George

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poverty amid economic and technological progress, the business cycle with its cyclic nature of industrialized economies, and the use of rent capture such...

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United States Consumer Price Index

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for Rent measures the change in economic rents, because utilities are often provided in rental agreements; while the CPI for Owners Equivalent Rent (OER)...

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