Details

Autor(en) / Beteiligte

• Das, Debarshi
• Basu, Deepankar

Titel

A model of the Marxist rent theory

Ist Teil von

• Conflict, Demand and Economic Development, 2021, p.223-241

Auflage

1

Ort / Verlag

Routledge

Erscheinungsjahr

2021

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• This chapter presents an interpretation of Marx’s rent theory and dwells on its applicability in developing countries like India. Differential rents of two kinds, and absolute rent, have been elaborated and mathematically represented in this chapter. A necessary condition for the applicability of the theory has been pointed out. Marx situated his theory in an agrarian economy characterised by the capitalist mode of production. Arguably, such conditions are not present in India. Yet one can borrow Marx’s analytical tools, the chapter argues, to understand the contemporary agrarian India. Some observations on Indian agrarian economy have been offered at the end of the chapter.