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 via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Anderson, J. 1777. An Inquiry into the Nature of the Corn-Laws; with a View to the New Corn-Bill proposed for Scotland. Edinburgh.
Jevons, W.S. 1871. The theory of political economy. Harmondsworth: Penguin, 1970.
Marshall, A. 1890. Principles of economics, 8th ed. London: Macmillan, 1972.
Montani, G. 1972. La teoria ricardiana della rendita. L’Industria 3/4: 221–243.
Montani, G. 1975. Scarce natural resources and income distribution. Metroeconomica 27: 68–101.
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.
Smith, A. 1776. An inquiry into the nature and causes of the wealth of nations. London: Everyman’s Library, 1964.
Sraffa, P. 1960. Production of commodities by means of commodities. Cambridge: Cambridge University Press.
Walras, L. 1874. Eléments d’économie politique pure. Trans. as Elements of pure economics, ed. W. Jaffé, 1954. Reprinted, Fairfield: A.M. Kelley, 1977.
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.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Montani, G. (2018). Extensive and Intensive Rent. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_175
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_175
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences