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Theory of Rent - Coggle Diagram
Theory of Rent
Ricardo - Differential Rent
“Original and indestructible powers of the soil”
Payment for natural fertility
Excludes improvements
Improvements
Fertility improvements - May lower rent
Labour-saving tools - Depends on differential
when rent begins
Land abundant - No rent
Inferior land cultivated - Rent starts
Scarcity creates rent
Price and Rent
Price does not include rent
Corn high - Rent paid
Rent is effect, not cause
Common Element of Rent
Rent = realization of landed property
Land = monopoly over part of earth
Many historical forms
Rent = Surplus-Value
All rent comes from surplus-labor
Producers work beyond necessary labor
Rent = part of surplus-value
What Makes Rent Grow
Market expansion
Non-agricultural population
Commodity production
Social labor development
Commodity Production Context
Value exists socially
Products become commodities in exchange
Agriculture not unique in this
Marx - Rent & Surplus-Value