IDEAS home Printed from https://ideas.repec.org/a/bla/ajecsc/v67y2008i1p89-117.html
   My bibliography  Save this article

The Marginalists Who Confronted Land

Author

Listed:
  • Fred E. Foldvary

Abstract

. Although the neoclassical turn in economics demoted land as a factor, important economists of neoclassical thinking, from neoclassical predecessors such Hermann‐Heinrich Gossen through figures such as Leon Walras, did view land as a distinct factor of production. Walras, in particular, favored the use of land rent for public revenue. This paper examines the treatment of land by several neoclassical and Austrian economists and shows how, although the neoclassical school today has managed to bury land, some of the key figures who founded these schools did confront land as a factor. The burial of land is thus not inherent in neoclassical economics, but is a historical development that can be reversed.

Suggested Citation

  • Fred E. Foldvary, 2008. "The Marginalists Who Confronted Land," American Journal of Economics and Sociology, Wiley Blackwell, vol. 67(1), pages 89-117, January.
  • Handle: RePEc:bla:ajecsc:v:67:y:2008:i:1:p:89-117
    DOI: 10.1111/j.1536-7150.2007.00561.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1536-7150.2007.00561.x
    Download Restriction: no

    File URL: https://libkey.io/10.1111/j.1536-7150.2007.00561.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ricardo, David, 1821. "On the Principles of Political Economy and Taxation," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 3, number ricardo1821.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Czyżewski, Bazyli & Matuszczak, Anna & Czyżewski, Andrzej & Brelik, Agnieszka, 2021. "Public goods in rural areas as endogenous drivers of income: Developing a framework for country landscape valuation," Land Use Policy, Elsevier, vol. 107(C).
    2. John Pullen, 2021. "Government Infrastructure Investment Dividends and Urban Development," American Journal of Economics and Sociology, Wiley Blackwell, vol. 80(2), pages 721-745, March.
    3. Callum Ward & Manuel B Aalbers, 2016. "Virtual special issue editorial essay: ‘The shitty rent business’: What’s the point of land rent theory?," Urban Studies, Urban Studies Journal Limited, vol. 53(9), pages 1760-1783, July.
    4. Lawrence W. C. Lai & Stephen N. G. Davies & K. W. Chau & Ken S. T. Ching & Mark H. Chua & H. F. Leung & Frank T. Lorne, 2018. "The determination of the “true” property boundary in planned development: a Coasian analysis," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 61(3), pages 579-599, November.
    5. Franklin Obeng‐Odoom, 2021. "Economic Insanity," American Journal of Economics and Sociology, Wiley Blackwell, vol. 80(2), pages 747-755, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rune Skarstein, 2007. "Free Trade: A Dead End for Underdeveloped Economies," Review of Political Economy, Taylor & Francis Journals, vol. 19(3), pages 347-367.
    2. Brausmann, Alexandra & Bretschger, Lucas, 2018. "Economic development on a finite planet with stochastic soil degradation," European Economic Review, Elsevier, vol. 108(C), pages 1-19.
    3. Ayhan, Fatih & Elal, Onuray, 2023. "The IMPACTS of technological change on employment: Evidence from OECD countries with panel data analysis," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    4. Bahar, Dany & Rosenow, Samuel & Stein, Ernesto & Wagner, Rodrigo, 2019. "Export take-offs and acceleration: Unpacking cross-sector linkages in the evolution of comparative advantage," World Development, Elsevier, vol. 117(C), pages 48-60.
    5. Sergeyev, Dmitriy & Iovino, Luigi, 2018. "Central Bank Balance Sheet Policies Without Rational Expectations," CEPR Discussion Papers 13100, C.E.P.R. Discussion Papers.
    6. Joseph Francois & M. Rombout, 2000. "Preferential Trade Arrangements, Induced Investment, and National Income in a Heckscher-Ohlin-Ramsey Model," Tinbergen Institute Discussion Papers 00-061/2, Tinbergen Institute.
    7. Banfi, Silvia & Filippini, Massimo, 2010. "Resource rent taxation and benchmarking--A new perspective for the Swiss hydropower sector," Energy Policy, Elsevier, vol. 38(5), pages 2302-2308, May.
    8. Michalis Nikiforos, 2020. "Demand, Distribution, Productivity, Structural Change, and (Secular?) Stagnation," Economics Working Paper Archive wp_945, Levy Economics Institute.
    9. H. W. Arndt, 1984. "Political Economy," The Economic Record, The Economic Society of Australia, vol. 60(3), pages 266-273, September.
    10. Emilio Depetris-Chauvin & Ömer Özak, 2020. "The origins of the division of labor in pre-industrial times," Journal of Economic Growth, Springer, vol. 25(3), pages 297-340, September.
    11. Boerner, Lars & Severgnini, Battista, 2015. "Time for growth," LSE Research Online Documents on Economics 64495, London School of Economics and Political Science, LSE Library.
    12. Ramona Dumitriu & Razvan Stefanescu, 2015. "The Relationship Between Romanian Exports And Economic Growth After The Adhesion To European Union," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 17-26.
    13. Daniel P. McMillen, 2011. "Using Location, Agglomeration, and Policy Issues to Teach Urban Economics," Chapters, in: Gail M. Hoyt & KimMarie McGoldrick (ed.), International Handbook on Teaching and Learning Economics, chapter 65, Edward Elgar Publishing.
    14. Cristian Silviu BANACU & Marcela Izabela CIOPA & Olga OLARU, 2011. "The Pair Education And Innovation – Knowledge Society’S Icon," Proceedings of the International Conference Investments and Economic Recovery, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(1), pages 26-31, December.
    15. Viengsaythong DALASENG & NIU Xiongying & Khaysy SRITHILAT, 2022. "Cross- Country Investigation of the Impact of Trade Openness and FDI on Economic Growth: A Case of Developing Countries," International Journal of Science and Business, IJSAB International, vol. 9(1), pages 49-73.
    16. Landesmann, Michael A, 2022. "Luigi Pasinetti on growth and structural change in international economic relations," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 556-564.
    17. Miguel D. Ramirez, 2020. "Capital as a social process: A Marxian perspective," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 9(1), pages 41-71.
    18. Tulla Antoni F., 2019. "Sustainable Rural Development Requires Value-Added Activities Linked with Comparative Advantage: The Case of the Catalan Pyrenees," European Countryside, Sciendo, vol. 11(2), pages 229-256, June.
    19. Raphael W. Bostic & Stanley D. Longhofer & Christian L. Redfearn, 2007. "Land Leverage: Decomposing Home Price Dynamics," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 35(2), pages 183-208, June.
    20. Michael White, 2009. "Hunting a precursor: The limits of Mountifort Longfield on utility and value," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 16(1), pages 65-96.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ajecsc:v:67:y:2008:i:1:p:89-117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0002-9246 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.