Re: Smith: ground rents and land rents
- From: "The Trucker" <mikcob@xxxxxxxxxxx>
- Date: Wed, 24 Aug 2005 07:11:27 -0700
<royls@xxxxxxxxx> wrote in message
news:1124854119.222951.280340@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
>I am posting this from Google. According to Free Agent, I responded to
> three messages in this thead on Aug 20, and those messages were
> acknowledged by my new ISP's news server. None of those messages appear
> to have made it to the Google archive, and Usenet has been unavailable
> on my ISP since the 20th. My new ISP, Bell Sympatico, appears to deny
> all knowledge of the existence of Usenet. As I can no longer post to
> Usenet directly, I will have to do it through Google, which is a joke.
> Anyway, I'll see if the following actually appears in the Google
> archive version of the ng.
>
> On 19 Aug 2005 10:06:30 -0700, "ruetheday@xxxxxxxxxx"
> <ruetheday@xxxxxxxxxx> wrote:
>
>>IMO, you can't really begin to define rent without talking about
>>opportunity costs and barriers to entry.
>
> IMO opportunity cost is nothing but a red herring, and probably a bogus
> concept altogether. Defining rent as a return in excess of opportunity
> cost has the absurd effect of making a doctor's or other highly
> specialized worker's earnings almost all rent, even in the absence of
> licensure or other barriers to entry. This dishonest neoclassical
> redefinition of rent can only be understood as part of the sustained
> effort to prevent economic science from exposing the evil of landowner
> privilege.
>
> Economic rent is more accurately and informatively defined as an
> economic benefit obtained by being privileged to deny others access to
> what would otherwise be accessible. It differs morally and
> economically from the proceeds of robbery or extortion only in being
> socially accepted.
>
> -- Roy L
I hereby request your permission to use some version of
this definition in my stuff at:
http://GreaterVoice.org/econ/glossary/Economic_Rent.php
I would replace my one sentence definition ("Rent is labor or
goods expropriated through the ownership of an unearned
essential resource." With
"Rent is labor or goods expropriated by ownership of
a government enforced license to deny access to what
would otherwise be accessable".
That will cover IP
rights, land ownership, unions, guilds, AMA, and just
about all of it. But it is not construed as the bucks
paid to a highly skilled surgeon or baseball player
because there is NO government enforcement of a
restrictive license.
I will do this if you say OK to the plagerism.
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org
.
- References:
- Smith: ground rents and land rents
- From: sinister
- Re: Smith: ground rents and land rents
- From: ruetheday@xxxxxxxxxx
- Re: Smith: ground rents and land rents
- From: royls
- Re: Smith: ground rents and land rents
- From: Les Cargill
- Re: Smith: ground rents and land rents
- From: ruetheday@xxxxxxxxxx
- Re: Smith: ground rents and land rents
- From: royls
- Smith: ground rents and land rents
- Prev by Date: Re: On Government Trust Funds
- Next by Date: Re: Smith: ground rents and land rents
- Previous by thread: Re: Smith: ground rents and land rents
- Next by thread: Re: Smith: ground rents and land rents
- Index(es):
Relevant Pages
|
