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Economic rent

Index Economic rent

In economics, economic rent is any payment to an owner or factor of production in excess of the costs needed to bring that factor into production. [1]

75 relations: Actuary, Adam Smith, American Economic Association, Atlantic Media, Classical economics, David Ricardo, Differential and absolute ground rent, Doctor of Medicine, Duke University Press, Economic surplus, Economist Group, Factors of production, Fee simple, FIRE economy, Georgism, Ground rent, Guild, Henry George, History of patent law, History of Political Economy, Hotelling's rule, Intel, Johann Heinrich von Thünen, Kyklos (journal), Land (economics), Land value tax, Law of rent, Lawyer, Lucian Bebchuk, Microsoft, Monopoly, Moral economy, Natural monopoly, Neoclassical economics, Occupational licensing, Opportunity cost, Outline of economics, Passive income, Patent, Perfect competition, Physiocracy, Political economy, Price elasticity of supply, Privilege (law), Production (economics), Professor, Profit (accounting), Profit (economics), Property income, Public Choice (journal), ..., Public finance, Quasi-rent, Rent-seeking, Rentier capitalism, Rentier state, Renting, Resource, Robert Tollison, Royalty payment, Scarcity, Schools of economic thought, Schumpeterian rent, Southern Economic Association, Springer Science+Business Media, Tax, The American Economic Review, The American Journal of Economics and Sociology, The Atlantic, The Economist, The RAND Journal of Economics, The Wealth of Nations, Unearned income, University, Vilfredo Pareto, Wiley-Blackwell. Expand index (25 more) »

Actuary

An actuary is a business professional who deals with the measurement and management of risk and uncertainty.

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Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

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American Economic Association

The American Economic Association (AEA) is a learned society in the field of economics, headquartered in Nashville, Tennessee.

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Atlantic Media

Atlantic Media is an American print and online media company owned by David G. Bradley and based in the Watergate in Washington, D.C. The company publishes several prominent news magazines and digital publications including The Atlantic, Quartz, Government Executive, Defense One and those belonging to its National Journal Group subsidiary: National Journal, The Hotline, National Journal Daily (previously known as Congress Daily), and Technology Daily.

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Classical economics

Classical economics or classical political economy (also known as liberal economics) is a school of thought in economics that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century.

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David Ricardo

David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill.

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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.

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Doctor of Medicine

A Doctor of Medicine (MD from Latin Medicinae Doctor) is a medical degree, the meaning of which varies between different jurisdictions.

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Duke University Press

Duke University Press is an academic publisher of books and journals, and a unit of Duke University.

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Economic surplus

In mainstream economics, economic surplus, also known as total welfare or Marshallian surplus (after Alfred Marshall), refers to two related quantities.

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Economist Group

The Economist Newspaper Limited, trading as The Economist Group, is a British multinational media company headquartered in London and best known as publisher of The Economist.

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Factors of production

In economics, factors of production, resources, or inputs are which is used in the production process to produce output—that is, finished goods and services.

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Fee simple

In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership.

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FIRE economy

A FIRE economy is any economy based primarily on the Finance, Insurance, and Real Estate sectors.

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Georgism

Georgism, also called geoism and single tax (archaic), is an economic philosophy holding that, while people should own the value they produce themselves, economic value derived from land (including natural resources and natural opportunities) should belong equally to all members of society.

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Ground rent

As a legal term, ground rent specifically refers to regular payments made by a holder of a leasehold property to the freeholder or a superior leaseholder, as required under a lease.

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Guild

A guild is an association of artisans or merchants who oversee the practice of their craft/trade in a particular area.

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Henry George

Henry George (September 2, 1839 – October 29, 1897) was an American political economist and journalist.

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History of patent law

The history of patents and patent law is generally considered to have started with the Venetian Statute of 1474.

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History of Political Economy

The History of Political Economy is a journal published by Duke University Press, focusing on economics and the history of economic thought and analysis.

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Hotelling's rule

Hotelling's rule defines the net price path as a function of time while maximising economic rent in the time of fully extracting a non-renewable natural resource.

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Intel

Intel Corporation (stylized as intel) is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley.

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Johann Heinrich von Thünen

Johann Heinrich von Thünen (24 June 1783 – 22 September 1850), sometimes spelt Thuenen, was a prominent nineteenth century economist and a native of Mecklenburg-Strelitz in northern Germany.

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Kyklos (journal)

Kyklos is a quarterly peer-reviewed academic journal published by Wiley-Blackwell.

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Land (economics)

In economics, land comprises all naturally occurring resources as well as geographic land.

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Land value tax

A land/location value tax (LVT), also called a site valuation tax, split rate tax, or site-value rating, is an ad valorem levy on the unimproved value of land.

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Law of rent

The law of rent was formulated by David Ricardo around 1809, and presented in its most developed form in his magnum opus, On the Principles of Political Economy and Taxation.

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Lawyer

A lawyer or attorney is a person who practices law, as an advocate, attorney, attorney at law, barrister, barrister-at-law, bar-at-law, counsel, counselor, counsellor, counselor at law, or solicitor, but not as a paralegal or charter executive secretary.

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Lucian Bebchuk

Lucian Arye Bebchuk (born 1955) is a professor at Harvard Law School focusing on economics and finance.

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Microsoft

Microsoft Corporation (abbreviated as MS) is an American multinational technology company with headquarters in Redmond, Washington.

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Monopoly

A monopoly (from Greek μόνος mónos and πωλεῖν pōleîn) exists when a specific person or enterprise is the only supplier of a particular commodity.

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Moral economy

The concept of a moral economy was an elaboration by English historian E.P. Thompson of a term already used by various eighteenth century authors, who felt that economic and moral concerns increasingly seemed to drift apart (see Götz 2015).

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Natural monopoly

A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors.

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Neoclassical economics

Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.

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Occupational licensing

Occupational licensing, also called occupational licensure, is a form of government regulation requiring a license to pursue a particular profession or vocation for compensation.

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Opportunity cost

In microeconomic theory, the opportunity cost, also known as alternative cost, is the value (not a benefit) of the choice in terms of the best alternative while making a decision.

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Outline of economics

The following outline is provided as an overview of and topical guide to economics: Economics – analyzes the production, distribution, and consumption of goods and services.

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Passive income

Passive income is income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it.

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Patent

A patent is a set of exclusive rights granted by a sovereign state or intergovernmental organization to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an invention.

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Perfect competition

In economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition.

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Physiocracy

Physiocracy (from the Greek for "government of nature") is an economic theory developed by a group of 18th century Enlightenment French economists who believed that the wealth of nations was derived solely from the value of "land agriculture" or "land development" and that agricultural products should be highly priced.

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Political economy

Political economy is the study of production and trade and their relations with law, custom and government; and with the distribution of national income and wealth.

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Price elasticity of supply

Price elasticity of supply (PES or Es) is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.

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Privilege (law)

A privilege is a certain entitlement to immunity granted by the state or another authority to a restricted group, either by birth or on a conditional basis.

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Production (economics)

Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).

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Professor

Professor (commonly abbreviated as Prof.) is an academic rank at universities and other post-secondary education and research institutions in most countries.

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Profit (accounting)

Profit, in accounting, is an income distributed to the owner in a profitable market production process (business).

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Profit (economics)

In economics, profit in the accounting sense of the excess of revenue over cost is the sum of two components: normal profit and economic profit.

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Property income

Property income refers to profit or income received by virtue of owning property.

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Public Choice (journal)

Public Choice is a peer-reviewed academic journal covering the intersection of economics and political science.

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Public finance

Public finance is the study of the role of the government in the economy.

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Quasi-rent

Quasi-rent is a term in economics that describes temporary rent like returns to a supplier/owner.

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Rent-seeking

In public choice theory and in economics, rent-seeking involves seeking to increase one's share of existing wealth without creating new wealth.

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Rentier capitalism

Rentier capitalism is a Marxist term currently used to describe the belief in economic practices of monopolization of access to any (physical, financial, intellectual, etc.) kind of property, and gaining significant amounts of profit without contribution to society.

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Rentier state

In political science and international relations theory, a rentier state is a state which derives all or a substantial portion of its national revenues from the rent of indigenous resources to external clients.

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Renting

Renting, also known as hiring or letting, is an agreement where a payment is made for the temporary use of a good, service or property owned by another.

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Resource

A resource is a source or supply from which a benefit is produced.

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Robert Tollison

Robert D. Tollison (1942–October 24, 2016) was an American economist who specialized in public choice theory.

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Royalty payment

A royalty is a payment made by one party, the licensee or franchisee to another that owns a particular asset, the licensor or franchisor for the right to ongoing use of that asset.

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Scarcity

Scarcity refers to the limited availability of a commodity, which may be in demand in the market.

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Schools of economic thought

In the history of economic thought, a school of economic thought is a group of economic thinkers who share or shared a common perspective on the way economies work.

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Schumpeterian rent

Schumpeterian rents are earned by innovators and occur during the period of time between the introduction of an innovation and its successful diffusion.

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Southern Economic Association

The Southern Economic Association (SEA) is a regional-based scholarly economic organization based at the University of Tennessee at Chattanooga.

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Springer Science+Business Media

Springer Science+Business Media or Springer, part of Springer Nature since 2015, is a global publishing company that publishes books, e-books and peer-reviewed journals in science, humanities, technical and medical (STM) publishing.

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Tax

A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.

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The American Economic Review

The American Economic Review is a peer-reviewed academic journal of economics.

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The American Journal of Economics and Sociology

The American Journal of Economics and Sociology is a peer-reviewed academic journal established in 1941 by Will Lissner with support from the Robert Schalkenbach Foundation.

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The Atlantic

The Atlantic is an American magazine and multi-platform publisher, founded in 1857 as The Atlantic Monthly in Boston, Massachusetts.

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The Economist

The Economist is an English-language weekly magazine-format newspaper owned by the Economist Group and edited at offices in London.

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The RAND Journal of Economics

The RAND Journal of Economics (usually called Rand Journal or simply Rand) is a peer-reviewed scholarly journal of economics published quarterly by Wiley-Blackwell on behalf of the RAND Corporation.

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The Wealth of Nations

An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith.

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Unearned income

Unearned income is a term coined by Henry George to refer to income gained through ownership of land and other monopoly.

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University

A university (universitas, "a whole") is an institution of higher (or tertiary) education and research which awards academic degrees in various academic disciplines.

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Vilfredo Pareto

Vilfredo Federico Damaso Pareto (born Wilfried Fritz Pareto, 15 July 1848 – 19 August 1923) was an Italian engineer, sociologist, economist, political scientist, and philosopher, now also known for the 80/20 rule, named after him as the Pareto principle.

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Wiley-Blackwell

Wiley-Blackwell is the international scientific, technical, medical, and scholarly publishing business of John Wiley & Sons.

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Economic Rent, Economic Rents, Economic rent (economics), Economic rent (political economy), Economic rents, Land rent, Monopoly rent, Rent (economics), Scarcity rent.

References

[1] https://en.wikipedia.org/wiki/Economic_rent

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