单词 | rent of ability |
释义 | > as lemmasrent of ability 4. Economics. The surplus payment to a factor of production (e.g. land, labour, etc.) over and above what is necessary to keep it in its present use; rent of ability: such payment earned by a person's individual skill or ability. Cf. economic rent n. at economic n. and adj. Compounds.David Ricardo is generally considered the first rigorous user of the concept, but he does not appear to use a concise and unambiguous definition of it in his works (cf. Princ. Polit. Econ. (1817) ii. 49 for a loosely worded definition). ΘΚΠ society > trade and finance > management of money > income, revenue, or profit > profit > [noun] > regarded as result of ability rent1929 1662 W. Petty Treat. Taxes 24 When this man hath subducted his seed out of the proceed of his Harvest, and also, what himself hath both eaten and given to others in exchange for Clothes, and other Natural necessaries; that the remainder of Corn, is the natural and true Rent of the Land for that year. 1777 J. Anderson Enquiry Nature Corn-laws 45 It is not, however, the rent of the land that determines the price of its produce, but it is the price of that produce which determines the rent of the land. 1815 T. R. Malthus Inquiry Nature & Progress Rent 1 The rent of land may be defined to be that portion of the value of the whole produce which remains to the owner of the land, after all the outgoings belonging to its cultivation..have been paid, including the profits of the capital employed, estimated according to the usual and ordinary rate of the profits of agricultural stock at the time being. 1848 J. S. Mill Princ. Polit. Econ. I. ii. xvi. 500 The rent, therefore, which any land will yield, is the excess of its produce, beyond what would be returned to the same capital if employed on the worst land in cultivation. 1879 A. Marshall & M. P. Marshall Econ. Industry ii. xii. 144 Rent of rare natural abilities is a specially important element in the incomes of business men. 1905 G. B. Shaw Irrational Knot p. xv There is an important economic factor, first analyzed by an American economist (General Walker), and called rent of ability. 1929 S. E. Thomas Elem. Econ. (ed. 4) xvii. 261 We may say that there is a rent element in both profits and wages, and that this element depends on the natural or acquired gifts of the employer or worker concerned. Where the differential payment is due to differences of ability, it may be suitably and correctly described as a rent of ability. 1930 Times 6 May 12/2 The Fabian Society formerly pleaded for the rent of ability, but the plea fell on deaf ears. 1993 J. Kay Found. Corporate Success i. ii. 30 Added value (called rent or super normal profit by economists) is a concept with a long intellectual history. < as lemmas |
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