What is Economic Rent
In neoclassical economics, economic rent is any payment to the owner of a factor of production in excess of the cost needed to bring that factor into production. In classical economics, economic rent is any payment made or benefit received for non-produced inputs such as location (land) and for assets formed by creating official privilege over natural opportunities. In the moral economy of neoclassical economics, economic rent includes income gained by labor or state beneficiaries of other “contrived” exclusivity, such as labor guilds and unofficial corruption.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Economic rent
Chapter 2: Economics
Chapter 3: Factors of production
Chapter 4: Free market
Chapter 5: Microeconomics
Chapter 6: Marginal cost
Chapter 7: Friedrich von Wieser
Chapter 8: Theory of imputation
Chapter 9: Classical economics
Chapter 10: Macroeconomics
Chapter 11: Rent-seeking
Chapter 12: Welfare economics
Chapter 13: Stolper-Samuelson theorem
Chapter 14: Unearned income
Chapter 15: Arnold Harberger
Chapter 16: Lange model
Chapter 17: Law of rent
Chapter 18: Schools of economic thought
Chapter 19: Kenneth Arrow
Chapter 20: Economics terminology that differs from common usage
Chapter 21: Cost curve
(II) Answering the public top questions about economic rent.
(III) Real world examples for the usage of economic rent in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economic Rent.
