The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Extensive and Intensive Rent

  • Guido Montani
Reference work entry


The distinction between extensive and intensive rent appears clearly in the history of economic thought with Ricardo, even though a number of economists discussed these concepts previously on various occasions (e.g. Anderson 1777). After Ricardo, until the end of the century, every economist understood the concept of rent to mean the possibility of obtaining an income from the ownership of scarce natural resources, such as land and mines. But that notion of rent changed progressively and substantially after the so-called ‘marginalist revolution’. It may be, therefore, useful to examine the transformation of the notion of rent from classical to marginalist economics.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Guido Montani
    • 1
  1. 1.