Differential And Absolute Ground Rent
Differential ground rent and absolute ground rent are concepts used by Karl Marx in the third volume of Das Kapital to explain how the capitalist mode of production would operate in agricultural production, under the condition where most agricultural land was owned by a social class of land-owners who obtained rent income from those who farmed the land. Rent as an economic category is regarded as one form of surplus value just like interest, production taxes and industrial profits.
Read more about Differential And Absolute Ground Rent: Aim of The Theory, Law of Value, Theoretical Significance, Rent in Macro-economics, Forms of Differential Ground Rent, Absolute Ground Rent, Physiocratic School
Other articles related to "differential and absolute ground rent, ground rent, absolute ground rent, ground rents, rent":
... Another definition for ground rent or absolute ground rent originates from the 18th-century French school of political economy called the Physiocrats ... They arrived at the conclusion that "ground rents" should be the source of most or all taxes ... They defined ground rent as that portion of all rent which is attributable only to the size and location of the parcel ...
Famous quotes containing the words rent, ground, absolute and/or differential:
“I have been breaking silence these twenty-three years and have hardly made a rent in it.”
—Henry David Thoreau (18171862)
“Some people are like ants. Give them a warm day and a piece of ground and they start digging. There the similarity ends. Ants keep on digging. Most people dont. They establish contact with the soil, absorb so much vernal vigor that they cant stay in one place, and desert the fork or spade to see how the rhubarb is coming and whether the asparagus is yet in sight.”
—Hal Borland (19001978)
“An absolute can only be given in an intuition, while all the rest has to do with analysis. We call intuition here the sympathy by which one is transported into the interior of an object in order to coincide with what there is unique and consequently inexpressible in it. Analysis, on the contrary, is the operation which reduces the object to elements already known.”
—Henri Bergson (18591941)
“But how is one to make a scientist understand that there is something unalterably deranged about differential calculus, quantum theory, or the obscene and so inanely liturgical ordeals of the precession of the equinoxes.”
—Antonin Artaud (18961948)