Home Forum Research Is rent a useful concept? Reply To: Is rent a useful concept?

Jonathan Nitzan
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Income received in recompense for human effort.

In my view, shifting from ‘productive contribution’ to mere ‘effort’ still leaves us with no solid basis to justify/critique income.

1. Pure (absentee) owners may argue that, while they exert no current effort here and now, their income compensates for past effort — theirs or their predecessors’.

2. For those who do exert effort, we don’t know whether their effort affects production positively or negatively, and by how much.