The New Palgrave Dictionary of Economics

Living Edition
| Editors: Matias Vernengo, Esteban Perez Caldentey, Barkley J. Rosser Jr

Absolute Rent

Living reference work entry


Marx’s work on rent was based on his studies of the statistical reports published after the Russian Agrarian Reform of 1861. The importance of the Russian case on Marx’s thinking is highlighted in Engels’ ‘Preface’ to the third volume of Marx’s Capital, which draws a parallel between the influence of Russia’s diverse land tenure system on Marx’s analysis of rent and the role of England on his analysis of industrial wage-labour.


Production Price Profit Rate Average Profit Monopoly Rent Agricultural Prex 
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