Land rent in classic economic theory as a contribution to contemplation over land value Cover Image

Renta gruntowa w teorii ekonomii klasycznej jako przyczynek do rozważań nad wartością ziemi
Land rent in classic economic theory as a contribution to contemplation over land value

Author(s): Alina Źróbek-Różańska, Ryszard Źróbek
Subject(s): Geography, Regional studies, Agriculture
Published by: Wydawnictwo Uniwersytetu Warmińsko-Mazurskiego w Olsztynie
Keywords: land rent;land owner;leaseholder;land value;

Summary/Abstract: The value of land can be determined through the income brought to its owner. In classic economic theories the owner's income was identified with rent, which was the surplus over production costs and ordinary profit received by land leaseholder. In this article the conditions when rent arises and factors influencing its value are presented based on three theories elaborated by main classic economists - Adam Smith, David Ricardo and Jean Baptiste Say, as their ideas can be useful in current times. Moreover, their views on land rent and rent value shaping mechanisms were confronted and can be used as a lue to land value appraisal.

  • Issue Year: 7/2008
  • Issue No: 3
  • Page Range: 5-13
  • Page Count: 9
  • Language: Polish
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