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

- 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]...
- Ricardian socialism is a branch of classical economic thought based upon the work of the economist David Ricardo (1772–1823). Despite Ricardo being a...
- The Ricardian equivalence proposition (also known as the Ricardo–de Viti–Barro equivalence theorem) is an economic hypothesis holding that consumers are...
- 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...
- entrepreneurial rent. Differential rent (also called quality or Ricardian rent) arises because of differences in the quality of similar goods or inputs (e.g...
- resource rent therefore equals the shadow value of the natural resource or natural capital. Economic rent Ricardian equivalence Von Thünen rent Faustmann's...
- between profits and wages. Ricardian theory of international trade challenges the mercantilism concept of ac****ulating gold or silver by promoting industry...
- 18th and early-to-mid 19th century. It includes both the Smithian and Ricardian schools. Its main thinkers are held to be Adam Smith, Jean-Baptiste Say...
- Alfred Marshall in his Principles of Economics. Ricardian rent Hotelling rent Alfred Weber Bid rent theory He "ranks alongside Marx as the greatest German...
- Under Ricardian equivalence, any boost in demand from tax cuts will be offset by the increased saving intended to pay for ****ure higher taxes. Economic inequality...