Rent, Income Distribution, and Orders of Efficiency and Rentability

Quadrio-Curzio, Alberto

doi:10.1007/978-1-349-05201-1_8

Cited by 16 publications

(14 citation statements)

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“…Ricardo was well aware of this duality; in his theory we find both scarcity connected with rent, and productiveness connected with wages and profits (Quadrio-Curzio 2003). Ricardo was well aware of this duality; in his theory we find both scarcity connected with rent, and productiveness connected with wages and profits (Quadrio-Curzio 2003).…”

Section: Scarcity Non-produced Means Of Production "Luxury" Commodimentioning

confidence: 84%

“…Ricardo was well aware of this duality; in his theory we find both scarcity connected with rent, and productiveness connected with wages and profits (Quadrio-Curzio 2003). So part of the reaction, led mainly by the Post-Keynesians, was to deny the influence of scarcity in modern capitalist societies (Quadrio-Curzio 2003). Policywise this spontaneous neoclassical determinism implies the existance of only one set of optimal policies, thereby successfully subduing any policy alternatives (Branco 2012).…”

Section: Scarcity Non-produced Means Of Production "Luxury" Commodimentioning

confidence: 99%

“…Making possible the simultaneous determination of prices, quantities, and all distributive variables (Panico 1988: 2), it is not only aesthetically pleasing in its universality, but it has been able to effectively "marginalize" the issue of distribution. Roughly speaking marginalist theory is simply a universal version of the Ricardian theory of rent on land, where a single principle, essentially scarcity, is said to govern the remuneration of all production factors (Quadrio-Curzio 2003). Roughly speaking marginalist theory is simply a universal version of the Ricardian theory of rent on land, where a single principle, essentially scarcity, is said to govern the remuneration of all production factors (Quadrio-Curzio 2003).…”

Section: Classical Theory Of Distributionmentioning

confidence: 99%

“…Knowing that non-producible means of production influence prices and distribution, sometimes in unexpected ways as proven quite decisively in a Sraffian framework by Quadrio-Curzio (2003), is just another thing to consider with respect to the role of theta and the interest rate. Perhaps in order for existing social relations to continue, the system cannot operate at the maximum theoretical value of Y * .…”

Section: Scarcity Non-produced Means Of Production "Luxury" Commodimentioning

confidence: 99%

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Janus Ante Portas

Sušnik

2016

Review of Radical Political Economics

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Distribution, one of the main concerns of classical political economists, is virtually a non-factor when it comes to modern neoclassical economics. The importance and influence of competition between different classes on the factor markets was understood to be a constant feature of capitalism in classical political economy. I have been able to translate this classical conflictingclaims approach in a consistent stock-flow model, with a working banking system, two classes, capitalists and workers, and a vertically integrated firm sector. National income is divided between workers and two sets of capitalist interests: industrial and financial. Results of the model reinforce the intuition of Kalecki's 1943 essay on Political Aspects of Full Employment. The output of capitalist economies, as well as profits of capitalists, could be higher, with policies of low interest rates and a high worker income share. However, as the paper shows, these hypothetical results are not tenable under a capitalist regime, with long-run changes in the power structure endangering the current social order. Finally the disconnect between the community and capitalists becomes even clearer when we see that a high profit rate implies a lower national income.JEL classification: B14, E12, P16

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Section: Scarcity Non-produced Means Of Production "Luxury" Commodimentioning

confidence: 84%

Section: Scarcity Non-produced Means Of Production "Luxury" Commodimentioning

confidence: 99%

Section: Classical Theory Of Distributionmentioning

confidence: 99%

Section: Scarcity Non-produced Means Of Production "Luxury" Commodimentioning

confidence: 99%

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Janus Ante Portas

Sušnik

2016

Review of Radical Political Economics

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“…The classical rent theory reformulated by Sraffa () has been widely developed and generalized (e.g., see Bidard ; D'agata, ; Montani, , Kurz, , Kurz & Salvadori, , Chapter 10; Salvadori, ; Quadrio‐Curzio, ). Based on different assumptions, three kinds of rent are usually discussed: extensive rent, intensive rent, and external differential rent.…”

Section: Introductionmentioning

confidence: 99%

A simple generalization of the singular rent model

Huang

2017

Metroeconomica

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Salvadori discovered a new variety of rent, called singular rent, when requirements are functions of income distribution. This note makes a simple generalization of the singular rent model by introducing many agricultural processes. Hence the problem of choice of technique arises. With respect to singular rent alone, it is shown that there may exist more than one cost-minimizing technique even though joint production is set aside, and there may be no cost-minimizing technique even though all techniques are feasible. However, in the latter case, at least one system determining intensive rent is feasible and cost-minimizing.

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The Cantabrigiensis-Italian School of Economics (1950–1990)

Baranzini

Mirante

2016

A Compendium of Italian Economists at Oxbridge

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Rent, Income Distribution, and Orders of Efficiency and Rentability

Cited by 16 publications

References 3 publications

Janus Ante Portas

Janus Ante Portas

A simple generalization of the singular rent model

The Cantabrigiensis-Italian School of Economics (1950–1990)

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