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  2. Law of rent - Wikipedia

    en.wikipedia.org/wiki/Law_of_rent

    Note that Ricardo's original formulation assumes that the best quality land would be the first to be used in production, and that goods are sold in a competitive, single price market. In Ricardo's Theory of Rent, Ricardo supposes that there are different grades of land, all the same size but with different qualities. Land grades 1, 2, and 3.

  3. Ricardian economics - Wikipedia

    en.wikipedia.org/wiki/Ricardian_economics

    Though David Ricardo was of the 19th century, many people use his work in everyday economics. Ricardo's theory on economic rent consisted mostly of an agricultural model featuring farmers and landowners. Since highly productive land was desired for more crops and the market would pay the same price for crops grown on both favorable and ...

  4. Bid rent theory - Wikipedia

    en.wikipedia.org/wiki/Bid_rent_theory

    Bid rent curve. The bid rent theory is a geographical economic theory that refers to how the price and demand for real estate change as the distance from the central business district (CBD) increases. Bid Rent Theory was developed by William Alonso in 1964, it was extended from the Von-thunen Model (1826), who analyzed agricultural land use.

  5. On the Principles of Political Economy and Taxation - Wikipedia

    en.wikipedia.org/wiki/On_the_Principles_of...

    In his book Adam's Fallacy: A Guide to Economic Theology, economist Duncan K. Foley highlights that in the Principles Ricardo criticizes Adam Smith's treatment of the theory of value and distribution for circular reasoning, in particular as far as concerns rent, and that Ricardo considers the labor theory of value, properly understood, a more ...

  6. Economic rent - Wikipedia

    en.wikipedia.org/wiki/Economic_rent

    In economics, economic rent is any payment to the owner of a factor of production in excess of the costs needed to bring that factor into production. [1] In classical economics, economic rent is any payment made (including imputed value) or benefit received for non-produced inputs such as location and for assets formed by creating official privilege over natural opportunities (e.g., patents).

  7. Rent-seeking - Wikipedia

    en.wikipedia.org/wiki/Rent-seeking

    The term rent, in the narrow sense of economic rent, was coined by the British 19th-century economist David Ricardo, [4] but rent-seeking only became the subject of durable interest among economists and political scientists more than a century later after the publication of two influential papers on the topic by Gordon Tullock in 1967, [5] and ...

  8. Ricardian equivalence - Wikipedia

    en.wikipedia.org/wiki/Ricardian_equivalence

    The Ricardian equivalence proposition (also known as the Ricardo–de Viti–Barro equivalence theorem [1]) is an economic hypothesis holding that consumers are forward-looking and so internalize the government's budget constraint when making their consumption decisions.

  9. Differential and absolute ground rent - Wikipedia

    en.wikipedia.org/wiki/Differential_and_Absolute...

    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 could obtain rent income from farm production. [5]