Sentences with phrase «economic rent»

Public collection of economic rent can be collected without affecting the supply of fuels and other raw materials, land or public utility services.

And for hundreds of years, governments have undertaken basic infrastructure spending so that private owners would not use monopoly privileges to charge economic rent.

As such, earned income excludes economic rent and interest, which are property and financial returns that must be paid out of profits and wages.

Also if you have rental income, you will need to include leases or economic rents through appraisals.

This price rise would increase economic rent on the more fertile soils already cultivated, Ricardo warned.

The simplest option is to tax economic rent, windfall gains and «unexplained enrichment.»

The focus of classical value and price theory was to free economies from economic rent, defined as unearned income simply resulting from privilege: absentee land rent, mineral and natural resource rent, monopoly rent, and financial interest.

Their labor theory of value found its counterpart in the «economic rent theory of prices» to distinguish the necessary costs of production and doing business (reduced ultimately to the value of labor) from «unearned income» consisting mainly of land rent, monopoly rent, and financial interest and fees.

It's very clear that his goal is to extract economic rents (make money) by capitalizing on the collective errors of the broad market participants following the boom / bust cycles.

What passed for Soviet Marxism lacked an understanding of how economic rents and the ensuing high labor costs affected international prices, or how debt service and capital flight affected the currency's exchange rate.

Instead of seeking to earn profits through direct investment, speculators and other investors have sought to get a free ride from creating private monopolies and extorting economic rent.

The initial phase is of course the special pleading and economic rent seeking to get the permits as cheap as possible.

What it does generate are economic rents on natural resources and land), monopoly rents, interest, and management fees.

Mr Sims also argues that it is wrong to suggest that we should not be concerned about high monopoly pricing of infrastructure because the result is only a pure transfer of economic rent.

This is a bonanza for them, rolling back three centuries of attempts to create a mixed economy financially and industrially, by privatizing the credit creation monopoly as well as capital investment in public infrastructure monopolies now being pushed onto the sales block for bidders — on credit, with the winner being the one who promises to pay out the most interest to bankers to absorb the access fees («economic rent») that can be extracted.

Most business planning is done by financial managers seeking to squeeze out an economic rent, that is, a free ride.

So economic analysis is trivialized if it only takes into account direct production costs reducible to labor, not taxes or «economic rent» as an element of price with no counterpart in technologically necessary production costs — land rent, monopoly rent (including bank credit - creating privileges), interest charges and kindred transfer payments to rentiers.

Unfortunately, Mr. Krugman's failure to see today's economic problem as one of debt deflation reflects his failure (suffered by most economists, to be sure) to recognize the need for debt writedowns, for restructuring the banking and financial system, and for shifting taxes off labor back onto property, economic rent and asset - price («capital») gains.

It was to minimize this economic rent that he urged Britain to adopt free trade in grain.

Economic rent: See Rent, economic.

Instead of freeing industrial capitalism from landlords, natural resource owners and monopolists, Western banks and bondholders joined forces with them, seeing them as major customers for as much interest - bearing credit as would absorb the economic rent that governments would refrain from taxing.

As my colleague Mr. Harrison has explained, Russia's land, fuel and minerals and public monopolies are capable of generating a sufficient volume of economic rent to fund the government budget.

We're going to collect the economic rent fully in a tax system.

The first element in my plan to re-rubalize the economy is to stabilize Russia's fiscal finances by the only form of tax presently available to be collected in practice: the economic rent generated by Russia's fuel and minerals companies, land and public utilities.

The labor theory of value aimed at isolating the economic rent as a margin that either was to be taxed away (for land and natural resources that were privatized) or kept in the public domain (for infrastructure and other natural monopolies).

The upshot is that both for statistical practice and academic theory it is almost impossible to obtain general agreement on what «economic rent» is, in the classical Ricardian sense of the term.

For what we've privatized already, we're going to tax the economic rent to recover for the country what these owners didn't create, like the phone systems that Carlos Slim made in Mexico that Bill mentioned before.

Transfer payment: A payment from one party to another without quid pro quo, such as watered costs in the form of economic rent, interest and other payments to the financial and property sectors.

To academics, economic rent is defined as the excess return over and above «profit.»

But the U.S. oil majors are receiving a windfall «economic rent» on the price run - up, and are not at all unhappy to see it continue.

The master has an economic rent, as it were, but he does not apply himself to the fundamental human task of shaping the world through his labor.

Land owners in Scotland often receive their economic rent in the form of asset appreciation rather than cash, but this does not lessen the force of Smith's and Ricardo's argument.

What Smith called ground rent is what his successor David Ricardo, followed by modern economists, have now defined as «economic rent»: that is, a payment to asset owners in excess of the amount needed to bring the asset into production.

These conditions created vast riches for one class of individuals in particular: those who control what is known as economic rent, which can be the income «earned» from the ownership of an asset.

Economic rent, in the form of capital gains, is taxed at a lower rate than earned income in almost every industrialized country.

We will also utilize an economic rent letter to help service the debt unless there is an existing renter (and rental / lease agreement) currently in place.

And see this excellent commentary on Solow called Free lunch: economic rent and the social contract.

From Obama's chief economic advisor Jason Furman — Productivity, Inequality, and Economic Rents.

For example, there's a motel I pass every day — you know the type — on the main strip, a little shopworn, probably at the bottom range of economic rent, with a read - o - graph sign promising rooms by the day, week or month.