tag:blogger.com,1999:blog-8595404115121834255.post6322633716305648299..comments2024-03-28T03:24:05.678-04:00Comments on NAKED KEYNESIANISM: Sraffian environmentalismMatias Vernengohttp://www.blogger.com/profile/09521604894748538215noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8595404115121834255.post-88993619302415930472012-01-13T01:14:12.994-05:002012-01-13T01:14:12.994-05:00Agreed.Agreed.Magpiehttps://www.blogger.com/profile/07528637318288802178noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-2571687334880741042012-01-12T13:02:06.621-05:002012-01-12T13:02:06.621-05:00Thanks for the references Nathan. Magpie, the diff...Thanks for the references Nathan. Magpie, the differential rent depends on the different productivity of land, while the use of rent was certainly in Malthus associated to his view that consumption of luxury goods was necessary to avoid gluts.Matias Vernengohttps://www.blogger.com/profile/09521604894748538215noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-55983995187852724802012-01-12T05:40:30.105-05:002012-01-12T05:40:30.105-05:00It's my understanding that one of the reasons ...It's my understanding that one of the reasons Malthus considered land rents justified was that they allowed landowners to consume in excess, therefore helping to fill the gap between supply and demand.<br /><br />(Malthus was an early underconsumptionist)Magpiehttps://www.blogger.com/profile/07528637318288802178noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-83127650027473471252012-01-11T21:40:28.853-05:002012-01-11T21:40:28.853-05:00I'm thinking of Calvin Colton, Mathew Carey, h...I'm thinking of Calvin Colton, Mathew Carey, his son Henry Carey and one of his closer associates Erasmus Peshine Smith among many others. E.P Smith (and other american protectionists) wrote in the New York tribune around the same times Marx did. I was introduced to the literature by Hudson's very good books on the subject, but have slowly started to read the major monographs and have very much enjoyed them.Nathan Tankushttps://www.blogger.com/profile/16298104991209885385noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-89403547682284595272012-01-11T21:32:28.307-05:002012-01-11T21:32:28.307-05:00Please do. Not sure I know what was the contributi...Please do. Not sure I know what was the contribution to rent theory in the US.Matias Vernengohttps://www.blogger.com/profile/09521604894748538215noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-62736314796426173112012-01-11T21:01:22.358-05:002012-01-11T21:01:22.358-05:00* mid 19th century American Protectionist rent and...* mid 19th century American Protectionist rent and resource theoryNathan Tankushttps://www.blogger.com/profile/16298104991209885385noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-67967533493315909402012-01-11T21:00:28.867-05:002012-01-11T21:00:28.867-05:00I'll have to reread Malthus sometime. Ricardo&...I'll have to reread Malthus sometime. Ricardo's theory of rent and in particular his assumption about "indestructible powers of the soil" is one of the reasons I'm more attracted to mid 19th century rent and resource theory. Perhaps I judged to hastily. I may report back when I've done the requisite reading.Nathan Tankushttps://www.blogger.com/profile/16298104991209885385noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-45423846613735815602012-01-11T20:55:37.699-05:002012-01-11T20:55:37.699-05:00Hi Nathan. One thing is the origin of rent, which ...Hi Nathan. One thing is the origin of rent, which depends on the differential quality of land, another thing is whether rents are necessary (if they originate on the basis of the different quality of the land) to maintain the level of productivity of land. Ricardo always accepted, by the way, Malthus precedence in the development of rent theory.Matias Vernengohttps://www.blogger.com/profile/09521604894748538215noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-68204795367567511122012-01-11T15:46:05.982-05:002012-01-11T15:46:05.982-05:00"The so-called Ricardian theory of rent, disc..."The so-called Ricardian theory of rent, discovered by West and Malthus, has important implications for income distribution as it is well known. Landlords benefited from protection, which forced the use of scarce land, and led to higher rents (and for a given output and a fixed wage at subsistence) lower profits. Thus, the existence of an exhaustible resource led to a transfer from the dynamic capitalists to the backward landlords." <br /><br />didn't Malthus dispute the "original and indestructible powers of the soil" (that ricardo assumed) and argue that Landlords needed higher corn prices (ala the corn laws) to retain the funds needed for new investment and thus higher productivity? Or do i need to go back and read his writing again?Nathan Tankushttps://www.blogger.com/profile/16298104991209885385noreply@blogger.com