The manuscripts of Cicero's De oratore divide into two families: mutili and integri. The oldest representatives of the mutilated family are Avranches 238 , Erlangen 380 , and London, Harley 2736 . A and H are independent of each other, and the best witnesses to the text of the lost archetype . E too is considered to be an independent witness. Since the work of E. Ströbel, dating from the early eighties of the last century, the view has been generally (...) held that E, though closely related to A, is not a descendant of it but a copy of a ‘gemellus’ of A. The stemma devised by Ströbel has remained essentially the same to the present day. (shrink)

Reducing health disparities and improving health outcomes are fundamental principles in global health. Environmental justice remains underrecognized and undervalued as a key driver of health dispar...

Rent seeking by lobbying for government favors is generally thought to be wasteful. In view of this wastefulness, it is puzzling that rent seeking by corporations has not been criticized as a failure to be socially responsible or even as an unethical business practice. This article examines the compatibility of rent seeking with corporate social responsibility by utilizing Thomas Dunfee's idea of a marketplace with morality. This idea is useful for solving this puzzle because in considering whether (...) rent seeking is compatible with corporate social responsibility, it is necessary, first, to define rent seeking, which this article argues is a normative concept, and, second, to find some principled way of identifying rent-seeking behavior. It also solves the puzzle about rent seeking by revealing that the concept of rent seeking itself is of little use in determining whether certain conduct is or is not socially responsible since rent seeking activity cannot be identified without first evaluating which activity is rent seeking. (shrink)

Renting is a common property relation, and it is becoming more common. In spite of this, there is little treatment of renting in political philosophy. In this paper, I remedy this neglect by offering a defence of renting personal goods such as housing, clothing, and means of transport. I argue that we should want each person to rent a much greater proportion of their personal goods than at present they typically do. I offer two arguments for this claim: “The (...) Community Argument” and “The Mitigation Argument.”. (shrink)

This paper explores what it takes for research laboratories to produce valuable knowledge in academic institutions marked by the coexistence of multiple evaluative frameworks. Drawing upon ethnographic fieldwork carried out in two UK-based epigenetics research laboratories, I examine the set of practices through which research groups intertwine knowledge production with the making of scientific, health, and wealth value. This includes building and maintaining a portfolio of valuable resources, such as expertise, scientific credibility, or data, and turning these resources into assets (...) by carefully organizing and managing their value. Laboratories then put these assets to productive use within and outside their labs toward the creation or extraction of value. I identify two models for producing value within academic science: a commodity-based model whereby laboratories mobilize their assets to produce results, which can be converted into publications for the accumulation of credibility capital, and a rentier model of accumulation whereby laboratories own valuable assets, which they rent out to others outside their lab against revenue. Following recent developments in Science and Technology Studies on value production in the bioeconomy, I argue that the concepts of asset and rent are essential analytical tools for getting to grips with the origins of value within academic science. (shrink)

Contemporary, technoscientific capitalism is characterized by the configuration of a range of “things” as assets or capitalized property. Accumulation strategies have changed as a result of this assetization process. Rather than entrepreneurial strategies based on commodity production, technoscientific capitalism is increasingly underpinned by rentiership or the appropriation of value through ownership and control rights, monopoly conditions, and regulatory or market devices and practices. While rentiership is often presented as a negative phenomenon in both neoclassical and Marxist political economy literatures—and much (...) in between—in this paper, I conceptualize rentiership as a technoeconomic practice and process framed by insights from science and technology studies. So, rather than a problematic “side effect” of capitalism, the concept of rentiership enables us to understand how different forms of value extraction constitute, and are constituted by, different forms of technoscience. This allows STS to contribute a distinctive analytical approach to ongoing debates in political economy about economic rents and rent-seeking. (shrink)

In this article, I develop the point that whereas talent is the basis for desert, talent itself is not meritocratically deserved. It is produced by three processes, none of which are meritocratic: talent is unequally distributed by the rigged lottery of birth, talent is defined in ways that favor some traits over others, and the market for talent is manipulated to maximally extract advantages by those who have more of it. To see how, we require a sociological perspective on economic (...) rent. I argue that talent is a major means through which people seek rent in modern-day capitalism. Talent today is what inherited land was to feudal societies; an unchallenged source of symbolic and economic rewards. Whereas God sanctified the aristocracy’s wealth, contemporary privilege is legitimated by meritocracy. Drawing on the work of Gary Becker, Pierre Bourdieu, and Jerome Karabel, I show how rent-seeking in modern societies has come to rely principally on rent-definition and creation. Inequality is produced by the ways in which talent is defined, institutionalized, and sustained by the moral deservingness we attribute to the accomplishments of talents. Consequently, today’s inequalities are as striking as ever, yet harder to challenge than ever before. (shrink)

Agribusiness corporations primarily involved in providing livestock feed—colloquially known as the “ABCD” (Archer Daniels Midland (ADM), Bunge, Cargill, and the Louis Dreyfus Company)—have begun to enter the fishing industry around the world. I argue that this recent entry of agribusiness multinationals in aquaculture, focusing particularly on Cargill, arises to take advantage of strategic opportunities to proliferate, or create links with respect to feed production and development within value chains. Concerning such opportunities, as I document, Cargill first leveraged its access to (...) cheap, overproduced grains in the 1990s, developing ways to insert corn and soy into what it calls “aquafeed.” Next, the multinational firm began proliferating links within fishing industry value chains in the form of introducing new technical assistance services, as well as creating feed supplements and additives. As I explain, these efforts to proliferate links in the supply chain exist as opportunities to charge rents, or surplus profits, which is possible because Cargill retains the right to control the new products and services. An additional link in the chain includes how the corporation has expanded its role in the global food system from its past as an intermediary, to engaging consumers in direct ways by attempting to create their preferences. I conduct my analysis of Cargill’s corporate strategy by focusing on reporting from the fishing industry publication, Aquafeed News, detailing developments from 2000 through 2023. (shrink)

La conjoncture historique qui a vu naître le capitalisme cognitif trouve son origine dans une transformation radicale du rapport capital/travail. À la suite de cette transformation, l'ensemble des normes fordistes-industrielles qui ont structuré l'organisation sociale de la production, la valorisation du capital ainsi que la répartition du revenu entre salaire, rente et profit, en sont sorties profondément modifiées. C'est pourquoi, dans cette majeure, nous avons tenté d'établir un état des lieux de l'avancement de la recherche autour de questions cruciales, celles (...) en particulier qui nous mènent à nous interroger sur les relations entre la montée de la dimension cognitive et immatérielle du travail, d'une part, et l'essor d'une économie de rente, d'autre part. Le développement du capitalisme cognitif est en fait allé de pair avec un puissant processus de financiarisation de l'économie ; il s'est aussi, plus généralement, accompagné d'une multiplication des formes de la rente. Cette évolution du capitalisme contemporain est souvent interprétée à travers une grille de lecture de type néo-ricardien qui tend à opposer le ' bon ' capitalisme productif de l'âge d'or du fordisme au ' mauvais ' capitalisme rentier de ' l'actuel régime de croissance financiarisé '. Selon cette approche, c'est notamment le pouvoir de la finance qui, en établissant de nouvelles règles de gouvernance des firmes, aurait été le facteur premier de la crise de la régulation fordiste du rapport salarial et de la fin des politiques de plein-emploi. Aussi dans ce numéro l'idée est-elle de prendre à contre-pied ce schéma d'analyse en partant du rôle moteur des transformations de l'organisation sociale du travail, pour comprendre, à la lumière de la thèse du capitalisme cognitif, l'essor de la finance et le retour en force de la rente. Nous essaierons aussi d'identifier sur cette base les processus de recomposition sociale susceptibles d'entraver la logique de la rente et d'impulser un processus de réappropriation du commun. (shrink)

The market for kidneys offers a case study of Baptists and Bootleggers. In almost every country, sales are currently illegal and donated organs are allocated by a central planner. Thousands of people die every year, because of the shortage caused by the absence of markets. This paper starts by examining the free-market alternative, and shows that a market would solve the shortage. It then uses gains-from-trade analysis to explain why current vested interests oppose a move to a market, despite the (...) immense potential for saved lives. In a shift to a market, gains from trade would be distributed away from lucky patients and various industries that benefit from the shortage ; these “Bootleggers” form an alliance with “Baptists”. (shrink)

Rent-control laws limiting the rents private landlords can charge tenants are controversial in the United States. Critics have condemned rent control’s mandated wealth transfer from landlords to tenants, and economists have decried its negative effects on rental supply and quality. With the advent of the sharing economy, rent-controlled tenants can rent out their below-market units for short durations at market-level or premium prices, a practice I term “rent control sharing.” The reaction to rent-controlled tenants (...) pocketing money from Airbnb and other homesharing sites at the expense of their hapless landlords has been negative. Yet, the sharing economy has not changed an essential feature of rent control: the redistribution of wealth from landlord to tenant. Instead, Airbnb and similar platforms have altered the form of the redistribution and the legal relations between landlord and tenant, and increased the salience of the wealth transfer from landlord to tenant. As a result, rent control sharing collides with public preferences for in-kind redistribution and stronger legal protections for property used personally or intimately. This Article explores how rent control sharing accentuates some of the flaws of rent control and fuels the debate over rent control’s future. (shrink)

The concept of economic rent is among the oldest in political economy. This reflects the fact that economies have always included parties whose income appears more parasitic than productive. The concept of rent-seeking refers to the efforts of parties seeking to secure such income by way of gaining influence over economic regulation or otherwise gaining favors from government. In spite of its intuitiveness, however, it has proven difficult to precisely distinguish rent from other categories of income. This (...) chapter seeks to acquaint readers with this problem. The privatization of incarceration is then supplied as an important case study in current rent-seeking behavior. (shrink)

The ideas of face consciousness, group conformity, extended family concept, and crisis consciousness in Confucian culture have a subtle and far-reaching impact on housing consumption decision among the Chinese public, forming a housing consumption model of “preferring to own a house rather than rent one.” The poor interaction between the housing rental market and the sales market caused by the shortage of rental demand and irrational purchasing behaviors has led to soaring house prices and imbalance between supply and demand (...) that prevail in major cities in China. To gain a deeper understanding of public cognitive attitude toward decisions on owning and renting a house, this study divided the subjects into high and low impact groups based on the overall Confucian culture and four subdimensions. It attempts to take a cognitive neuroscience approach for assessing public stereotypes of housing consumption decision with different types based on the analysis of event-related potentials. The results are as follows. First, overall, there is an obvious implicit stereotype of renting a house and explicit stereotype of owning a house among the public. Second, ERPs data show that descriptions of renting a house with positive adjectives could evoke more significant N400 responses. In other words, in the heuristic system, the public perceive that renting a house is restrictive, stressful, unhappy, and crisis. Data from subjective reports show that, after processing information in the analytic system, the public tend to think that owning a house is self-contained, restful, warm, and comfortable. Third, a more negative stereotype of renting a house exists in the high Confucian culture influence group Group than in the low Confucian culture influence group Group, and is more inclined to own a home. Fourth, under the Confucian culture sub-dimension, there are differences in housing consumption stereotypes between high and low groups in terms of extended family concept, group conformity, and crisis consciousness. Fifth, the moderating effect analysis found that perceived usefulness, trust in the rental market, and policy perception can be important factors in guiding public housing consumption stereotypes. (shrink)

Mankind soon learn to make interested uses of every right and power which they possess, or may assume. The public money and public liberty...will soon be discovered to be sources of wealth and dominion to those who hold them; distinguished, too, by this tempting circumstance, that they are the instrument, as well as the object of acquisition. With money we will get men, said Caesar, and with men we will get money. Nor should our assembly be deluded by the integrity (...) of their own purposes, and conclude that these unlimited powers will never be abused, because themselves are not disposed to abuse them. They should look forward to a time, and that not a distant one, when a corruption in this, as in the country from which we derive our origin, will have seized the heads of government, and be spread by them through the body of the people; when they will purchase the voices of the people, and make them pay the price. (shrink)

Economists and philosophers discuss taxation in the context of the prevailing tax base. This prevailing tax base primarily consists of levies on earned income, capital, and consumption. In the optimal tax literature, economists find that this tax base possesses a problematic tradeoff between equity and efficiency. This tax base is also controversial amongst moral philosophers because it diminishes the principle of labor ownership. I explore a tax base that does not possess these two drawbacks and hence sidesteps problems with the (...) current tax base raised both by optimal tax theorists and moral philosophers. Even partial replacement of the current tax base with the proposed tax base would increase efficiency, improve equity, and preserve labor ownership. (shrink)

In the debate on global justice, proposals to tax natural resources in order to reduce global poverty and fund other worthwhile objectives have attracted scholarly attention and controversy. In thi...

Over 200 lawsuits were filed against the Hertz rental car company by former customers who were arrested as a result of the company’s poor inventory control system and its implementation of two business practices which led to the filing of unsubstantiated stolen car reports with police. According to a whistleblower, these practices essentially meant Hertz was using police “as a repo company and the court system as a collection company” (News Nation 2022, 4:24). Consequences to the individuals who were falsely (...) charged with theft included financial hardship, job loss, reputational damage, child custody problems, the trauma of arrest sometimes at gunpoint, and the traumatic experience of being jailed. This case study calls for students to analyze the company’s actions from the perspectives of ethical theories and decision making, as well as corporate social responsibility. (shrink)

Whenever you have a situation in which a person or group is in power over a community, some in the community will seek to obtain special favors at the expense of all others in the community. We are all familiar with this situation from our school days where some students would seek special favors -- like a high grade -- at the expense of the other students. Such behavior in the political/economic world is called..

The central concern of this essay : the emergence of the figure of the « wage shareholder ». There is nothing new about this figure in and of itself if one thinks of wage differentials linked to social hierarchies determined by the professions. Or again if one thinks of wage-earning shares obtained by sections of the wage-earning system at the expense of feminine, precarious, and immigrant wage earners. What is new is that today the wage share results from a double (...) process of wage individualization and « socialization of capital ». It is thus of a new nature, and its emergence therefore renders more indistinct the boundaries that separate the main categories of revenue : wage, annuity and profit. In this article, it is less a question of accounting for the figure of the wage-earning shareholder from a strictly economic point of view as to see it in terms of a double process that gives to it the functions proper to a machine producing subjectivity that unite the dangerous link between cognitive capitalism and neoliberalism. (shrink)

The distributive justice literature has recently formulated several tax proposals, with limitarians or property-owning democrats proposing new or higher taxes on wealth or capital income intended to decrease the growing wealth gap. This essay joins this debate on inequality and redistributive taxation through the lens of the “benefit principle for public policy.” This principle says that specific rules and institutions are acceptable to the extent that they create benefits for all individuals in society, or at least don’t make anyone worse (...) off. This benefit principle opposes wealth accumulation to the extent that wealth was generated through rent-seeking—that is, income unrelated to economic productivity, which is not embedded in mutually beneficial exchanges. I maintain, however, that ruling out rent-seeking requires not ex post taxation, but primarily a more “predistributive corrective policy,” that is, reconfiguration of market institutions to prevent wealth accumulation through rent-seeking in the first place. The alternative response is, thus, not to tackle inequality as such but to reform the market to promote the occurrence of mutually beneficial exchange. (shrink)

Residential rent control is a contentious issue in many jurisdictions throughout the world. While tenant groups have often argued vociferously in defence of control, landlord groups and the vast majority of economists have been equally vehement in their criticisms. This paper examines some key normative issues involved in rent control. In particular I examine arguments in favor of control based on the alleged unfairness of winfall profits, upon affordability, and finally on the creation of rights to security of (...) tenure. Various objections by libertarian and free market philosophers and economists are examined. I conclude with a somewhat limited defense of rent control as used in specific situations as part of a more comprehensive policy to satisfy the normative demands at the root of tenant pressure for rent control. (shrink)

In this article I defend the claim that subsidies for university education should be substantially reduced. The normative justification for this conclusion derives from a theory of distributive justice called the Compensation Theory of Income Justice, which is most easily understood as a normative version of the positive economic theory of compensating differentials. Relying on the distinction between incentives and economic rents, and after considering two ‘received opinions’ about why large income differentials exist in modern societies, I note that substantial (...) portions of above-average incomes are likely to be artificial monopoly rents, rather than incentives or natural monopoly rents. Under the Compensation Theory of Income Justice the earning of artificial monopoly rents is not justified. Since subsidisation of university education fees increases lifetime artificial rents, the theory would recommend such subsidies be substantially reduced. I defend this conclusion against objections, the most notable of which is the view that university subsidies help to improve equality of opportunity to university education. I explain how it is possible to maintain the laudable aim of providing equality of opportunity while reducing the subsidisation and, as a consequence, the lifetime artificial rents. (shrink)

Liberal thought (in the sense of classical liberalism) is based on the juxtaposition of consent to coercion. Autocracy and slavery were seen as based on coercion whereas today's political democracy and economic 'employment system' are based on consent to voluntary contracts. This paper retrieves an almost forgotten dark side of contractarian thought that based autocracy and slavery on explicit or implicit voluntary contracts. To answer these 'best case' arguments for slavery and autocracy, the democratic and abolitionist movements forged arguments not (...) simply in favour of consent, but arguments that voluntary contracts to legally alienate aspects of personhood were invalid 'even with consent' – which made the underlying rights inherently inalienable. Once understood, those arguments have the perhaps 'unintended consequence' of making the neo-abolitionist case for ruling out today's self-rental contract, the employer-employee contract. The paper has to also retrieve these inalienable rights arguments since they have been largely lost on the Left, not to mention in liberal thought. (shrink)

As environmental degradation becomes a growing concern, this article argues that the development of international law on climate change expresses the deep social contradictions between accumulation and reproduction under capitalism. These contradictions are translated into the creation of a form of public property over the right to emit greenhouse gases. This public property is unequally distributed amongst states in an imperialist manner. The distribution of these rights at the domestic level amounts to the distribution of rights to climate rent. (...) Contrary to popular accounts of the ‘commodification’ of nature, I argue that emission rights are not ‘commodities’, and emissions trading and carbon markets are not ‘accumulation strategies’. These are merely depoliticised forms in which climate rent is extracted and circulates to preclude political debates about the goals of production. (shrink)

This paper explores changing production relations in agriculture in context of increasingly widespread and longer-duration male outmigration, as against previous, short-duration and seasonal migration. It investigates how de facto women-heads of households (WHHs) are changing a resilient crop-sharing system in absence of adequate access to productive assets, formal training or experience in farming, and while contributing labour to farming and coping with gendered demands on their time. Based on qualitative inquiry in one of the poorest parts of South Asia, the (...) Eastern Gangetic Plains, the paper shows that a section of WHHs are replacing sharecropping arrangements with fixed-value rental arrangements that resemble commercial contracts. The paper ends with a discussion on the implications of this emerging development. (shrink)

Joseph Heath lumps in quotas and protectionist measures with cartelization, taking advantage of information asymmetries, seeking a monopoly position, and so on, as all instances of behavior that can lead to market failures in his market failures approach to business ethics. The problem is that this kind of rent and rent seeking, when they fail to deliver desirable outcomes, are better described as government failure. I suggest that this means we will have to expand Heath’s framework to a (...) market and government failures approach. I then try to defuse objections that as a government failure, rent seeking may not appear relevant to what managers ought to do. Solving this conceptual issue will also give us an excuse to revisit a separate conceptual issue: the normatively thick conception of “rent” and rent seeking behavior that some use. This normatively thick conception is problematic, I argue, and I offer the beginnings of a novel, normatively neutral conception that is useful for our purposes in making the ethics of rent and rent seeking behavior more than a merely trivial exercise. (shrink)

Proposer une oeuvre nouvelle, developper une idee neuve ou une vision personnelle differente, c'est dire autre chose. Mais c'est aussi dire quelque chose qui n'est pas radicalement inoui et sans connexion. Impacts, emprunts, initiatives, traditions ou ruptures: ces relations d'influence traversent la vie des idees et des oeuvres, leurs rapports entre elles, leurs caracteres de famille, et ce qui les rend chacune distincte. Invention et memoire vont ensemble. Leur liaison et leur ecart organisent ce qu'il y a d'autonome et d'unique (...) dans un point de vue novateur, et ce qu'il y a de commun et de partage. (shrink)

Rather than answering the broad question, ‘What is a just income?’, in this essay I consider one component of income—economic rent—under one understanding of justice—as giving people what they deserve. As it turns out, the answer to this more focused question is ‘no’. People do not deserve their economic rents, and there is no bar of justice to their confiscation. After briefly covering the concept of desert and explaining what economic rents are, I analyze six types of rent (...) and show that each is unjustified from the point of view of desert. I conclude by drawing some political and economic lessons from the preceding analysis, and by describing how these considerations can create a more just and efficient economy. (shrink)

Es existieren unterschiedlichste Antworten auf die Frage, ob Tieren bzw. allgemein nichtmenschlichen Lebewesen ein inhärenter moralischer Wert zukommt. Dieses Buch gelangt auf transzendentalphilosophischem Wege zu der Antwort, daß allen Lebewesen ein solcher Wert zukommt. Hieraus erwächst die eigentliche ethische Herausforderung, da der Mensch notwendig andere Lebewesen nutzen muß, um überleben zu können. Die Lösung des hiermit bezeichneten Dilemmas, so wird gezeigt, erwächst aus der Unterscheidung von das Gute und ein Gut.

Quel rapport entre l'existence d'une oeuvre d'art et celle d'un être vivant? Entre l'existence de l'atome et celle d'une valeur comme la solidarité? Ces questions sont les nôtres à chaque fois qu'une réalité est instaurée, prend consistance et vient à compter dans nos vies, qu'il s'agisse d'un morceau de musique, d'un amour ou de Dieu en personne. Comme James ou Deleuze, Souriau défend méthodiquement la thèse d'un pluralisme existentiel. Il y a, en effet, différentes manières d'exister, et même différents degrés (...) ou intensités d'existence : des purs phénomènes aux choses objectivées, en passant par le virtuel et le " sur-existant " dont témoignent les œuvres de l'esprit ou de l'art, tout comme le fait même de la morale. L'existence est polyphonique, et le monde s'en trouve considérablement enrichi et élargi. Outre ce qui existe au sens ordinaire du terme, il faut compter avec toutes sortes d'états virtuels ou fugaces, de domaines transitionnels, de réalités ébauchées, en devenir, qui sont autant d'" intermondes ". Servi par une érudition stupéfiante qui lui permet de traverser d'un pas allègre toute l'histoire de la philosophie, Souriau donne les éléments d'une grammaire de l'existence. Mais son enquête se veut aussi une introduction à " la pratique de l'art d'exister ". A quoi nous attachons-nous précisément lorsque nous aimons un être? A quoi nous engageons-nous lorsque nous nous identifions à un personnage de roman, lorsque nous valorisons une institution ou adhérons à une théorie? Et finalement, quel(s) mode(s) d'existence(s) sommes-nous capables d'envisager et d'expérimenter pour nous-mêmes? Questions métaphysiques, questions vitales. Cette nouvelle édition est précédée d'une présentation d'Isabelle Stengers et Bruno Latour intitulée " Le sphinx de l'œuvre ". Elle inclut également un article d'Étienne Souriau, " Du mode d'existence de l'œuvre à faire " (1956). (shrink)

This article shows how research on the social structure of markets may contribute to the analysis the growing income inequality in contemporary capitalist economies. The author proposes a theoretical link between embeddedness and social stratification by discussing the role of institutions and networks in markets for the distribution of economic profits between firms. The author claims that we must understand profit and free competition as opposites, as economic theory does. In the main part of the article the author illustrates six (...) typical mechanisms of rent extraction from networks or formal and symbolic rules that embed markets. They emerge from material as well as symbolical access to and influence on the orientation of other market actors. Social structures in markets lead to unequal chances for rent extraction, even if actors produce them for coordination rather than for accumulation purposes. This is how market sociology and theory of capitalism can be linked more closely. (shrink)

Résumé Aujourd’hui, la démocratie ne se trouve plus seulement devant (et contre) la rente absolue, terrienne (foncière et immobilière) : elle doit surtout affronter la rente financière, le capital que l’argent mobilise de manière globale comme instrument fondamental de la governance des multitudes. La financiarisation est la forme actuelle du commandement capitaliste. Bien évidemment, celle-ci est encore liée à la rente, et elle en répète l’intentionnalité violente — tout comme elle reprend les ambiguïtés et les contradictions de n’importe quelle figure (...) de l’exploitation capitaliste. Il serait donc stupide de penser que le capital financier ne représente pas en lui-même un moment antagoniste — car il comprend toujours en son sein cet élément nécessaire qu’est la force de travail, et qui est à la fois un producteur de capital et une menace pour celui-ci. (shrink)

Rent control is an economic abomination. It diverts investments away from residential rent units, it leads to their deterioration, it is responsible for urban decay such as in the South Bronx, it does not help poor tenants, it is a horrendous means of income redistribution. Yet this economic regulation is beloved of intellectuals (hot beds of pro rent control sentiment are Berkeley, Ann Arbor and Cambridge) particularly in the legal and philosophical communities. The present article is dedicated (...) to an exploration and rejection of the arguments in behalf of rent control which emanate from this source. (shrink)

To Aaron Pacitti and Michael Cauvel–whose journal article, “Rent-Seeking Behavior and Economic Justice: A Classroom Exercise” broadly argues that “understanding the [complexities] of rent-seeking behavior helps fill the gap between economics and politics”–the varieties of rent are wide and, therefore, can only be described in their category-specific positions. I will discuss three of these categories in more detail below, but for now, I propose that a useful working grasp of economic rent involves “the amount paid to (...) the owner of a factor of production over the cost that is to be necessarily incurred on utilizing such elements in the production process.” In math terms, ‘economic rent’ equals the agreed-upon-amount paid by the consumer (when that amount far exceeds the market value of the product) minus the cost spent by the producer to make the product (when that cost is far below the typical amount to produce the product). Originally, the concept of economic rent concerned land ownership and the production of natural goods. Two major economists, Adam Smith and David Ricardo, offered insights into the general makeup and logic of what they called, the rent of land and simply rent, respectively. (shrink)

Marx’s theory of ground rent has been widely used to help understand the trinity of land, labor, and capital. However, limited attention has been paid to the role of water within the Marxian rent framework. This lack of attention proves troubling due to the role of surface waters as an essential means of production throughout capitalism. Here I restate Marxian ground rent in the form of water rent and discuss the function of water-rent in the (...) two dominant surface water rights doctrines of the United States—the riparian doctrine and the doctrine of prior appropriation. In doing so, I revise the distinction between differential rent 1 and differential rent 2 to provide more analytically useful categories. Paying special attention to issues of drought and scarcity, I fully articulate the function of Marxian rent and its four forms for both surface water rights doctrines, while clearly stating where they do and do not differ. (shrink)