In this article we will discuss about:- 1. Introduction to the Ricardian Theory of Rent 2. Assumptions of the Ricardian Theory of Rent 3. Explanation and Illustration 4. Criticisms. Introduction to the Ricardian Theory of Rent: David Ricardo, an English classical economist, propounded a theory to explain the origin and nature of economic rent. He defined rent as "that portion [...]
In this article we will discuss about:- 1. Assumptions of the Ricardian Theory of Rent 2. Causes of the Emergence of Rent 3. Differential and Scarcity Rent 4. Intra-Marginal, Marginal and Sub-Marginal Land 5. Extensive Cultivation and Intensive Cultivation 6. Intensive Cultivation, the Law of Diminishing Returns, and the Ricardian Theory of Rent and Other Details. Contents: Assumptions of the [...]
The below mentioned article provides an overview on Ricardian Theory of Rent:- 1. Introduction to Ricardian Theory of Rent 2. How Rent Arises in the Ricardian Sense 3. Assumptions 4. Critical Evaluation. Introduction to Ricardian Theory of Rent: Ricardo defines rent as "that portion of the produce of the earth which is paid to the landlord for the use of [...]