[OPE-L] Rising primary commodity prices = rising land prices and rising ground rent

From: Jurriaan Bendien (adsl675281@TISCALI.NL)
Date: Sun Jan 27 2008 - 08:48:45 EST

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Paul,

My apologies. I just noticed that in your post of 13 january 2008 you actually wrote:

"P = S - U - Rent   And rent can be a significant share of surplus value"

In that case, for you rent is not part of profit, but is part of surplus value. In Marx's theory however total net rent income is part of total generic net profit income, although land rents are distinguished from industrial profits. Rent extraction plays a role in the explanation of surplus-profits.

Rent income proper should of course be distinguished from "economic rents".

Jurriaan

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