IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v36y1999i12p2111-2120.html
   My bibliography  Save this article

On Minimum Rents: Part 1, Marx and Absolute Rent

Author

Listed:
  • Alan W. Evans

    (Centre for Spatial and Real Estate Economics, Faculty of Urban and Regional Studies, The University of Reading, Whiteknights (PO Box 219), Reading, Berkshire RG6 2AW, UK, a.w.evans@reading.ac.uk.)

Abstract

Marx suggests that land would not be rented to a tenant at less than some minimum rent which he calls absolute rent. This concept and Marx's arguments are analysed in this paper. It has been argued by some that absolute rent in Marxian economics derives from the fact that investment in agriculture is lower so that the organic composition of capital is lower. It is argued here that the low organic composition of capital in the Marxian schema is rather a consequence of the existence of absolute rent, and this in turn results from the landlord-tenant relationship. Marx himself stressed that if land were owner-occupied absolute rent would not exist—that it is a consequence of the system of land tenure—but provides no explanation as to why it should have this consequence. In an associated paper, modern economic analysis is used to explain why minimum rents will occur.

Suggested Citation

  • Alan W. Evans, 1999. "On Minimum Rents: Part 1, Marx and Absolute Rent," Urban Studies, Urban Studies Journal Limited, vol. 36(12), pages 2111-2120, November.
    • Handle: RePEc:sae:urbstu:v:36:y:1999:i:12:p:2111-2120
    DOI: 10.1080/0042098992575
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1080/0042098992575
    Download Restriction: no
    File URL: https://libkey.io/10.1080/0042098992575?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. M.C. Howard & John E King, 1991. "Marx, Jones, Rodbertus and The Theory of Absolute Rent," Working Papers 1991.07, School of Economics, La Trobe University.
    2. Alan W. Evans, 1973. "The Economics of Residential Location," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-01889-5, December.
    3. M.C. Howard & John E King, 1991. "Marx, Jones, Rodbertus and The Theory of Absolute Rent," Working Papers 1991.07 EDIRC Provider-In, School of Economics, La Trobe University.
    4. Alan W. Evans, 1991. "On Monopoly Rent," Land Economics, University of Wisconsin Press, vol. 67(1), pages 1-14.
    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. Li Tian, 2014. "Property Rights, Land Values and Urban Development," Books, Edward Elgar Publishing, number 15856.

    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. D.G. Wiltshaw, 1985. "The Supply of Land," Urban Studies, Urban Studies Journal Limited, vol. 22(1), pages 49-56, February.
    2. John Parr, 2015. "The city and the region as contrasts in spatial organization," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(3), pages 797-817, May.
    3. Nestor Garza & Colin Lizieri, 2019. "An empirical approach to urban land monopoly: A case study of the city of Barranquilla, Colombia," Urban Studies, Urban Studies Journal Limited, vol. 56(10), pages 1931-1950, August.
    4. Barry Goodchild, 2013. "Flats, Higher Densities and City-centre Living in England: A Response to Evans and Unsworth," Urban Studies, Urban Studies Journal Limited, vol. 50(14), pages 3036-3042, November.
    5. Raymond Y. C. Tse, 2002. "Estimating Neighbourhood Effects in House Prices: Towards a New Hedonic Model Approach," Urban Studies, Urban Studies Journal Limited, vol. 39(7), pages 1165-1180, June.
    6. Colin Jones & Mike Coombes & Cecilia Wong, 2012. "A System of National Tiered Housing-Market Areas and Spatial Planning," Environment and Planning B, , vol. 39(3), pages 518-532, June.
    7. Marshall S. Jiang & Preet S. Aulakh & Yigang Pan, 2007. "The nature and determinants of exclusivity rights in international technology licensing," Management International Review, Springer, vol. 47(6), pages 869-893, December.
    8. Colin Jones, 2017. "Spatial economy and the geography of functional economic areas," Environment and Planning B, , vol. 44(3), pages 486-503, May.
    9. Barrie Needham, 1981. "A Neo-Classical Supply-Based Approach to Land Prices," Urban Studies, Urban Studies Journal Limited, vol. 18(1), pages 91-104, February.
    10. M C Romanos, 1978. "Energy-Price Effects on Metropolitan Spatial Structure and Form," Environment and Planning A, , vol. 10(1), pages 93-104, January.
    11. Colin Price, 1982. "Residential Density and Spatial Externalities," Urban Studies, Urban Studies Journal Limited, vol. 19(3), pages 293-302, August.
    12. A W Evans, 1975. "Letter to the Editor," Environment and Planning A, , vol. 7(5), pages 601-603, August.
    13. Cheshire, Paul, 2009. "Urban land markets and policy failures," LSE Research Online Documents on Economics 30837, London School of Economics and Political Science, LSE Library.
    14. Vifill KARLSSON, 2010. "Modern Industrial Structure and Development of House PriceÂ’s Spatial Disparity: A General Case for Iceland; a Large but Thinly Populated European Country," Regional and Urban Modeling 284100023, EcoMod.
    15. Colin Jones & Mike Coombes & Neil Dunse & David Watkins & Colin Wymer, 2012. "Tiered Housing Markets and their Relationship to Labour Market Areas," Urban Studies, Urban Studies Journal Limited, vol. 49(12), pages 2633-2650, September.
    16. C.Y. Yiu & S.K. Wong, 2005. "The Effects of Expected Transport Improvements on Housing Prices," Urban Studies, Urban Studies Journal Limited, vol. 42(1), pages 113-125, January.
    17. Yong Tu, 1997. "The Local Housing Sub-market Structure and Its Properties," Urban Studies, Urban Studies Journal Limited, vol. 34(2), pages 337-353, February.
    18. Cassidy I‐Chih Lan & Jianglong Chen, 2022. "URBAN NOSTALGIA, REGENERATION, AND CULTURAL MONOPOLY RENT: ‘Nanjing 1912’ and Its Branding Bubbles," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 46(6), pages 954-972, November.
    19. Andrejs Skaburskis & Markus Moos, 2008. "The Redistribution of Residential Property Values in Montreal, Toronto, and Vancouver: Examining Neoclassical and Marxist Views on Changing Investment Patterns," Environment and Planning A, , vol. 40(4), pages 905-927, April.
    20. Duncan Maclennan, 1977. "Some Thoughts on the Nature and Purpose of House Price Studies," Urban Studies, Urban Studies Journal Limited, vol. 14(1), pages 59-71, February.

    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:sae:urbstu:v:36:y:1999:i:12:p:2111-2120. 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: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    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.