The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Extensive and Intensive Rent

  • Guido Montani
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_175

Abstract

The distinction between extensive and intensive rent appears clearly in the history of economic thought with Ricardo, even though a number of economists discussed these concepts previously on various occasions (e.g. Anderson 1777). After Ricardo, until the end of the century, every economist understood the concept of rent to mean the possibility of obtaining an income from the ownership of scarce natural resources, such as land and mines. But that notion of rent changed progressively and substantially after the so-called ‘marginalist revolution’. It may be, therefore, useful to examine the transformation of the notion of rent from classical to marginalist economics.

This is a preview of subscription content, log in to check access

Bibliography

  1. Anderson, J. 1777. An Inquiry into the Nature of the Corn-Laws; with a View to the New Corn-Bill proposed for Scotland. Edinburgh.Google Scholar
  2. Jevons, W.S. 1871. The theory of political economy. Harmondsworth: Penguin, 1970.Google Scholar
  3. Marshall, A. 1890. Principles of economics, 8th ed. London: Macmillan, 1972.Google Scholar
  4. Montani, G. 1972. La teoria ricardiana della rendita. L’Industria 3/4: 221–243.Google Scholar
  5. Montani, G. 1975. Scarce natural resources and income distribution. Metroeconomica 27: 68–101.CrossRefGoogle Scholar
  6. Ricardo, D. 1817. On the principles of political economy and taxation. In The works and correspondence of David Ricardo, vol. I, ed. P. Sraffa. Cambridge: Cambridge University Press, 1960. Reprinted, 1966.Google Scholar
  7. Smith, A. 1776. An inquiry into the nature and causes of the wealth of nations. London: Everyman’s Library, 1964.CrossRefGoogle Scholar
  8. Sraffa, P. 1960. Production of commodities by means of commodities. Cambridge: Cambridge University Press.Google Scholar
  9. Walras, L. 1874. Eléments d’économie politique pure. Trans. as Elements of pure economics, ed. W. Jaffé, 1954. Reprinted, Fairfield: A.M. Kelley, 1977.Google Scholar
  10. Wicksteed P.H. 1914. The scope and method of political economy in the light of the ‘marginal’ theory of value and distribution. Economic Journal 24, March. Reprinted in the The common sense of political economy and selected papers and reviews on economic theory, Vol. II, ed. L. Robbins, 1933. Reprinted, New York: A.M. Kelley, 1967.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Guido Montani
    • 1
  1. 1.