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The Dynamic Theory of Rents: A Comment

Published online by Cambridge University Press:  07 November 2014

Dean A. Worcester Jr.
Dean A. Worcester Jr.*
Affiliation:
The University of Washington
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Abstract

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Type
Notes and Memoranda
Information
Canadian Journal of Economics and Political Science/Revue canadienne de economiques et science politique , Volume 13 , Issue 2 , May 1947 , pp. 283 - 285
Copyright
Copyright © Canadian Political Science Association 1947

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References

1 Keirstead, B. S. and Coore, D. H., “Dynamic Theory of Rents” (Canadian Journal of Economics and Political Science, vol. XII, no. 2, 05, 1946, pp. 168–72).CrossRefGoogle Scholar

2 For a rather extended discussion of Marshall's position, together with a proposed reconciliation of other divergent views, see Worcester, D. A. Jr., “A Reconsideration of Rent Theory” (American Economic Review, vol. XXXIV, 06, 1946, pp. 258–78).Google Scholar

3 See, for example, Stigler, G. J., Theory of Competitive Price (New York, 1942), pp. 141–2.Google Scholar This is not a criticism of the point made in the article that a growth in the size of firms may result in a surplus “over previously established costs.”