ABSTRACT

This chapter analyses the categories used by Karl Marx in his analysis of land rent, in order to weigh up their importance within a particular, and to a certain extent narrow, range of problems: the determination of land values. It is probably more useful in order to explain the difference between the prices of agricultural land and urban land, to use Marxist distinction between terre-capital and terre-matiere rather than to refer to values of prices of production. So the difference in prices of the areas between town and country could arise from the concentration of fixed social capital which characterises the physical aspect of the first as opposed to the sparsity of the second. The chapter considers the interpretations advanced by the followers and critics of Marx. It also considers the method used by Marx to calculate the various types of rent. The chapter deals with differential rent and absolute rent.