On Dec 6, 2007 4:19 PM, Jim Devine <[EMAIL PROTECTED]> wrote: > > And if > > capitalists are not allowed to make money without working through > > economic rents they will not invest or take any risk. > > I didn't say anything about this, especially since I don't know what's > meant by "working through" economic rents. (Are you saying that > profits = a form of economic rent? I disagree, except for > super-profits.)
Sorry I messed up the punctuation. I meant "allowed to make money without working, through economic rents". A profit is nothing but surplus value retained by the (idle) owner. Which can be thought of a rent or more precisely a tax on labor. But a quick look at Wikipedia shows that a distinction has traditionally been made between "economic rent" on non-labor factors of production and profit. So my usage above was a result of confusion/ignorance. Sorry. -raghu.
