The land rent category in mainstream economics and its contemporary applications
The economic globalisation process makes the economic factors rotate faster. As a result the value added is intercepted by market mechanism and transferred to the economically stronger entities. That process concerns especially agriculture. There exists a crucial question whether an agricultural lan...
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University of Life Sciences in Poznań
2009-01-01
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doaj-4136c2e4ab4e4666ae60979adb1727eb2020-11-24T22:02:36ZengUniversity of Life Sciences in PoznańJournal of Agribusiness and Rural Development1899-52411899-57722009-01-01111The land rent category in mainstream economics and its contemporary applicationsBazyli CzyżewskiThe economic globalisation process makes the economic factors rotate faster. As a result the value added is intercepted by market mechanism and transferred to the economically stronger entities. That process concerns especially agriculture. There exists a crucial question whether an agricultural land factor is still capable to generate economic rents which would be the determinants of comparative advantages? On the one hand, D. Ricardo’s land rents are vanishing, H. George’s rents are provoking financial crisis, monetarists assumptions are becoming unsufficient, on the other, the land factor gains new environmental applications and there is still a hope that land rents have its origins in a real value. This paper aims at presenting the evolution of the land rents theory starting from classical economics. The author makes an attempt to answer the question if the land rent theories are still relevant and how land rent category can be implemented in agricul-tural policy of the UE? One formulates a hypothesis that the neoclassical theory of rent usually presented in economic textbooks is insufficient to describe reality reducing the sources of land rent to a low land supply flexibility and treating that as constant variable in economic models. www.jard.edu.pl/tom11/zeszyt1/art_3.pdfland rentmainstream economicsland utilityCommon Agriculture Policy |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Bazyli Czyżewski |
spellingShingle |
Bazyli Czyżewski The land rent category in mainstream economics and its contemporary applications Journal of Agribusiness and Rural Development land rent mainstream economics land utility Common Agriculture Policy |
author_facet |
Bazyli Czyżewski |
author_sort |
Bazyli Czyżewski |
title |
The land rent category in mainstream economics and its contemporary applications |
title_short |
The land rent category in mainstream economics and its contemporary applications |
title_full |
The land rent category in mainstream economics and its contemporary applications |
title_fullStr |
The land rent category in mainstream economics and its contemporary applications |
title_full_unstemmed |
The land rent category in mainstream economics and its contemporary applications |
title_sort |
land rent category in mainstream economics and its contemporary applications |
publisher |
University of Life Sciences in Poznań |
series |
Journal of Agribusiness and Rural Development |
issn |
1899-5241 1899-5772 |
publishDate |
2009-01-01 |
description |
The economic globalisation process makes the economic factors rotate faster. As a result the value added is intercepted by market mechanism and transferred to the economically stronger entities. That process concerns especially agriculture. There exists a crucial question whether an agricultural land factor is still capable to generate economic rents which would be the determinants of comparative advantages? On the one hand, D. Ricardo’s land rents are vanishing, H. George’s rents are provoking financial crisis, monetarists assumptions are becoming unsufficient, on the other, the land factor gains new environmental applications and there is still a hope that land rents have its origins in a real value. This paper aims at presenting the evolution of the land rents theory starting from classical economics. The author makes an attempt to answer the question if the land rent theories are still relevant and how land rent category can be implemented in agricul-tural policy of the UE? One formulates a hypothesis that the neoclassical theory of rent usually presented in economic textbooks is insufficient to describe reality reducing the sources of land rent to a low land supply flexibility and treating that as constant variable in economic models. |
topic |
land rent mainstream economics land utility Common Agriculture Policy |
url |
http://www.jard.edu.pl/tom11/zeszyt1/art_3.pdf |
work_keys_str_mv |
AT bazyliczyzewski thelandrentcategoryinmainstreameconomicsanditscontemporaryapplications AT bazyliczyzewski landrentcategoryinmainstreameconomicsanditscontemporaryapplications |
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