SMITH, RICARDO AND MARXIAN VIEW ON ECONOMIC ORIGIN OF ‘RENT OF LAND’

Authors

  • Sushant Kumar Singh PhD Candidate, Centre for Economic Studies and Planning, School of Social Science, Jawaharlal Nehru University, Delhi-67

Abstract

Discuss in what way if any, the meaning of the category “rent of land” differs in the writings of David Ricardo on the one hand, and Adam Smith and Karl Marx on the other, paying particular attention to the question of the economic origin of rent. Ricardo reduced the rent to a purely technological category, which is redundant for the purpose of any insightful analysis. Whereas, Marx and Smith both has acknowledged the essentially social character of rent (class relation).

References

I. K. Marx, Capital Vol. I, Vol. III

II. A. Smith, An Inquiry into the Nature and Causes of Wealth of Nations

III. D. Ricardo, On the Principles of Political Economy and Taxation

IV. U. Patnaik, “Classical Theory of Rent and its Application to India,” in T.J. Byres Ed., Sharecropping and Sharecroppers

V. U. Patnaik, The Agrarian Question in Marx and his Successors Vol. I

Additional Files

Published

15-06-2017

How to Cite

Sushant Kumar Singh. (2017). SMITH, RICARDO AND MARXIAN VIEW ON ECONOMIC ORIGIN OF ‘RENT OF LAND’. International Education and Research Journal (IERJ), 3(6). Retrieved from http://ierj.in/journal/index.php/ierj/article/view/1132