What is Economic Rent

In neoclassical economics, economic rent is any payment to the owner of a factor of production in excess of the cost needed to bring that factor into production. In classical economics, economic rent is any payment made or benefit received for non-produced inputs such as location (land) and for assets formed by creating official privilege over natural opportunities. In the moral economy of neoclassical economics, economic rent includes income gained by labor or state beneficiaries of other "contrived" exclusivity, such as labor guilds and unofficial corruption.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Economic rent

Chapter 2: Economics

Chapter 3: Factors of production

Chapter 4: Free market

Chapter 5: Microeconomics

Chapter 6: Marginal cost

Chapter 7: Friedrich von Wieser

Chapter 8: Theory of imputation

Chapter 9: Classical economics

Chapter 10: Macroeconomics

Chapter 11: Rent-seeking

Chapter 12: Welfare economics

Chapter 13: Stolper-Samuelson theorem

Chapter 14: Unearned income

Chapter 15: Arnold Harberger

Chapter 16: Lange model

Chapter 17: Law of rent

Chapter 18: Schools of economic thought

Chapter 19: Kenneth Arrow

Chapter 20: Economics terminology that differs from common usage

Chapter 21: Cost curve

(II) Answering the public top questions about economic rent.

(III) Real world examples for the usage of economic rent in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economic Rent.